Bfsg LLC Purchases New Stake in Ally Financial Inc. (NYSE:ALLY)

Bfsg LLC purchased a new stake in Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,975 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH raised its holdings in shares of Ally Financial by 1.8% during the fourth quarter. Trust Co. of Toledo NA OH now owns 17,335 shares of the financial services provider’s stock worth $605,000 after purchasing an additional 308 shares during the period. Spire Wealth Management grew its position in shares of Ally Financial by 11.4% during the third quarter. Spire Wealth Management now owns 4,146 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 425 shares during the last quarter. Xponance Inc. grew its position in shares of Ally Financial by 1.4% during the fourth quarter. Xponance Inc. now owns 33,366 shares of the financial services provider’s stock worth $1,165,000 after acquiring an additional 472 shares during the last quarter. Quantbot Technologies LP grew its position in Ally Financial by 0.5% in the 3rd quarter. Quantbot Technologies LP now owns 108,306 shares of the financial services provider’s stock valued at $2,890,000 after buying an additional 518 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Ally Financial by 5.8% in the 4th quarter. Cerity Partners LLC now owns 10,035 shares of the financial services provider’s stock valued at $350,000 after buying an additional 553 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Performance

ALLY stock traded up $0.05 during midday trading on Wednesday, hitting $39.76. The stock had a trading volume of 3,366,909 shares, compared to its average volume of 4,005,403. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 0.58 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.56. The stock has a 50-day simple moving average of $37.85 and a 200 day simple moving average of $33.23. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the business earned $0.82 earnings per share. As a group, equities research analysts anticipate that Ally Financial Inc. will post 2.95 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. Ally Financial’s dividend payout ratio is 48.98%.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several research reports. The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. BMO Capital Markets upped their price objective on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. lowered shares of Ally Financial from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $37.00 to $39.00 in a research note on Wednesday, April 3rd. TD Cowen upped their price objective on shares of Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Ally Financial in a research report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.47.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.