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

Venturi Wealth Management LLC lifted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 153.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 952 shares of the financial services provider’s stock after buying an additional 577 shares during the period. Venturi Wealth Management LLC’s holdings in Ally Financial were worth $34,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. raised its holdings in shares of Ally Financial by 220.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 56,681 shares of the financial services provider’s stock worth $2,018,000 after purchasing an additional 39,000 shares during the period. CWA Asset Management Group LLC purchased a new position in Ally Financial in the third quarter valued at approximately $1,338,000. Philip James Wealth Mangement LLC raised its holdings in Ally Financial by 3,811.5% in the third quarter. Philip James Wealth Mangement LLC now owns 237,545 shares of the financial services provider’s stock valued at $8,454,000 after buying an additional 231,472 shares during the period. 1834 Investment Advisors Co. lifted its position in Ally Financial by 127.7% during the third quarter. 1834 Investment Advisors Co. now owns 217,646 shares of the financial services provider’s stock valued at $7,746,000 after buying an additional 122,059 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Ally Financial by 46.2% during the third quarter. Asset Management One Co. Ltd. now owns 130,693 shares of the financial services provider’s stock worth $4,651,000 after buying an additional 41,315 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

Shares of ALLY stock opened at $36.22 on Friday. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.43 and a beta of 1.40. Ally Financial Inc. has a one year low of $26.50 and a one year high of $45.46. The company’s 50-day simple moving average is $35.20 and its 200-day simple moving average is $38.77. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. Equities analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.31%. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Wall Street Analysts Forecast Growth

ALLY has been the topic of several recent research reports. Wells Fargo & Company reduced their target price 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. Morgan Stanley reduced their price objective on Ally Financial from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. JPMorgan Chase & Co. raised Ally Financial from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $46.00 to $40.00 in a research report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a report on Monday, October 21st. Finally, Barclays decreased their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.69.

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.