Koshinski Asset Management Inc. Invests $570,000 in Ally Financial Inc. $ALLY

Koshinski Asset Management Inc. bought a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 12,584 shares of the financial services provider’s stock, valued at approximately $570,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALLY. Royal Bank of Canada increased its stake in Ally Financial by 106.5% in the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock valued at $9,158,000 after purchasing an additional 129,497 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Ally Financial by 22.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock worth $82,000 after buying an additional 415 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Ally Financial by 11.1% in the 1st quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock valued at $470,000 after buying an additional 1,292 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Ally Financial in the 1st quarter valued at $259,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Ally Financial by 374.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,166 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the transaction, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY stock opened at $44.19 on Friday. The stock’s 50-day moving average price is $40.80 and its 200 day moving average price is $41.77. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $13.54 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.27 and a beta of 1.12. Ally Financial Inc. has a 52-week low of $32.50 and a 52-week high of $47.27.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company’s revenue was up 36.4% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. As a group, equities research analysts forecast that Ally Financial Inc. will post 5.3 EPS for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is 29.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ALLY. The Goldman Sachs Group boosted their price target on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Bank of America raised their price objective on Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Ally Financial from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Ally Financial in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. dropped their price target on Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.