Wealthcare Advisory Partners LLC Invests $461,000 in Ally Financial Inc. (NYSE:ALLY)

Wealthcare Advisory Partners LLC bought a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,789 shares of the financial services provider’s stock, valued at approximately $461,000.

Several other large investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its holdings in Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after purchasing an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after buying an additional 1,563,008 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Ally Financial by 584.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after buying an additional 1,191,529 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Ally Financial during the 3rd quarter valued at $21,571,000. Finally, 140 Summer Partners LP purchased a new position in Ally Financial during the 3rd quarter worth $19,140,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALLY. JPMorgan Chase & Co. cut their price target on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company cut their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. TD Cowen dropped their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. StockNews.com upgraded Ally Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Truist Financial initiated coverage on Ally Financial in a research note on Tuesday, January 7th. They set a “buy” rating and a $42.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.53.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $36.96 on Tuesday. Ally Financial Inc. has a one year low of $31.77 and a one year high of $45.46. The company has a market capitalization of $11.26 billion, a PE ratio of 14.79, a P/E/G ratio of 0.33 and a beta of 1.44. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50-day simple moving average of $36.85 and a two-hundred day simple moving average of $37.96.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Research analysts expect that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. Ally Financial’s payout ratio is currently 48.00%.

Ally Financial 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.