Burney Co. Sells 1,278 Shares of Ally Financial Inc. (NYSE:ALLY)

Burney Co. lowered its position in shares of Ally Financial Inc. (NYSE:ALLY) by 8.2% in the fourth quarter, HoldingsChannel reports. The fund owned 14,373 shares of the financial services provider’s stock after selling 1,278 shares during the period. Burney Co.’s holdings in Ally Financial were worth $518,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ALLY. Venturi Wealth Management LLC boosted its stake in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 577 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the period. Quarry LP grew its stake in shares of Ally Financial by 311.4% during the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,143 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Ally Financial during the third quarter worth $63,000. Finally, Abich Financial Wealth Management LLC increased its holdings in Ally Financial by 12,535.0% in the second quarter. Abich Financial Wealth Management LLC now owns 2,527 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 2,507 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY opened at $36.96 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 12 month low of $31.77 and a 12 month high of $45.46. The firm has a fifty day simple moving average of $36.85 and a 200 day simple moving average of $37.99. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.33 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company earned $0.83 EPS. Ally Financial’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts forecast that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. Ally Financial’s dividend payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALLY shares. Truist Financial started coverage on Ally Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $42.00 price target for the company. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. TD Cowen reduced their price target on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Wells Fargo & Company lowered their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. reduced their target price on Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Ally Financial presently has a consensus rating of “Hold” and an average price target of $42.53.

About Ally Financial

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.