Hexagon Capital Partners LLC Sells 742 Shares of Ally Financial Inc. (NYSE:ALLY)

Hexagon Capital Partners LLC lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 20.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,835 shares of the financial services provider’s stock after selling 742 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Ally Financial were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALLY. Trust Co. of Toledo NA OH raised its holdings in Ally Financial by 1.8% in 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 in the last quarter. Spire Wealth Management lifted its holdings in shares of Ally Financial by 11.4% during the 3rd quarter. Spire Wealth Management now owns 4,146 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 425 shares during the last quarter. Xponance Inc. boosted its position in shares of Ally Financial by 1.4% in the 4th quarter. Xponance Inc. now owns 33,366 shares of the financial services provider’s stock worth $1,165,000 after purchasing an additional 472 shares in the last quarter. Quantbot Technologies LP grew its stake in Ally Financial by 0.5% during the 3rd quarter. Quantbot Technologies LP now owns 108,306 shares of the financial services provider’s stock worth $2,890,000 after buying an additional 518 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Ally Financial by 5.8% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $38.56 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $11.72 billion, a PE ratio of 15.74, a PEG ratio of 0.55 and a beta of 1.39. Ally Financial Inc. has a one year low of $22.54 and a one year high of $41.56. The firm has a fifty day moving average of $38.18 and a 200 day moving average of $33.76.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts predict that Ally Financial Inc. will post 2.99 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.30 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ALLY shares. TD Cowen lifted their target price on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. BMO Capital Markets upped their target price on Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. TheStreet raised Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Raymond James lowered Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. Finally, Compass Point lifted their target price on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial currently has an average rating of “Hold” and an average 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.