PNC Financial Services Group Inc. Has $1.15 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

PNC Financial Services Group Inc. increased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,174 shares of the financial services provider’s stock after buying an additional 598 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ally Financial were worth $1,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ALLY. Allspring Global Investments Holdings LLC raised its position in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 526 shares during the period. Venturi Wealth Management LLC raised its holdings in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Ally Financial in the second quarter valued at $41,000. Hobbs Group Advisors LLC acquired a new position in shares of Ally Financial during the second quarter valued at about $52,000. Finally, First Community Trust NA bought a new stake in shares of Ally Financial during the second quarter worth about $53,000. Institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

ALLY has been the topic of several recent research reports. Barclays cut their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. Citigroup lifted their target price on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Evercore ISI lowered their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. Wells Fargo & Company cut their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, September 26th. Finally, Bank of America dropped their price target on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus target price of $40.69.

Ally Financial Stock Performance

NYSE:ALLY opened at $39.49 on Thursday. The stock has a market cap of $12.03 billion, a P/E ratio of 15.80, a PEG ratio of 0.46 and a beta of 1.40. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $35.70 and its two-hundred day moving average price is $38.65. Ally Financial Inc. has a twelve month low of $26.50 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.38. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. Ally Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. As a group, equities analysts predict that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.04%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio is presently 48.00%.

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.