Ally Financial Inc. (NYSE:ALLY) Shares Bought by Spire Wealth Management

Spire Wealth Management grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) 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 (NYSE:ALLY) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.06 billion. Ally Financial had a net margin of 14.64% and a return on equity of 11.36%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.2 earnings per share for the current year.

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.