Spire Wealth Management grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 25.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,721 shares of the financial services provider’s stock after purchasing an additional 745 shares during the period. Spire Wealth Management’s holdings in Ally Financial were worth $101,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kinneret Advisory LLC increased its holdings in shares of Ally Financial by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 11,700 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 262 shares during the period. Blair William & Co. IL increased its stake in Ally Financial by 2.6% during the 1st quarter. Blair William & Co. IL now owns 10,497 shares of the financial services provider’s stock valued at $456,000 after buying an additional 264 shares during the period. Salem Investment Counselors Inc. increased its stake in Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after buying an additional 345 shares during the period. EP Wealth Advisors LLC increased its stake in Ally Financial by 8.2% during the 1st quarter. EP Wealth Advisors LLC now owns 4,656 shares of the financial services provider’s stock valued at $202,000 after buying an additional 354 shares during the period. Finally, Captrust Financial Advisors increased its stake in Ally Financial by 4.9% during the 1st quarter. Captrust Financial Advisors now owns 8,020 shares of the financial services provider’s stock valued at $349,000 after buying an additional 371 shares during the period. 86.04% of the stock is owned by institutional investors and hedge funds.
Ally Financial Stock Performance
Shares of NYSE:ALLY opened at $27.62 on Tuesday. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 7.55 and a beta of 1.38. The firm’s 50 day simple moving average is $25.95 and its 200 day simple moving average is $26.98. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a fifty-two week low of $21.58 and a fifty-two week high of $35.78.
Ally Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, October 31st. This represents a $1.20 annualized dividend and a yield of 4.34%. Ally Financial’s dividend payout ratio (DPR) is currently 32.79%.
Wall Street Analyst Weigh In
ALLY has been the topic of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Ally Financial from $35.00 to $33.00 in a research note on Thursday, October 19th. StockNews.com began coverage on shares of Ally Financial in a research report on Thursday, October 5th. They set a “hold” rating for the company. The Goldman Sachs Group reduced their price objective on shares of Ally Financial from $32.00 to $31.00 in a research report on Monday, October 2nd. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 24th. Finally, TD Cowen began coverage on shares of Ally Financial in a report on Wednesday, November 1st. They issued a “market perform” rating and a $28.00 target price for the company. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.80.
Ally Financial Company Profile
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
- Five stocks we like better than Ally Financial
- How to Invest in Social Media
- The most upgraded stocks in November have two things in common
- What is a Secondary Public Offering? What Investors Need to Know
- Monday.com rocked earnings like it’s the weekend
- Financial Services Stocks Investing
- Plan to own one retailer? Make it this one
Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.