Cerity Partners LLC Buys 553 Shares of Ally Financial Inc. (NYSE:ALLY)

Cerity Partners LLC lifted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,035 shares of the financial services provider’s stock after acquiring an additional 553 shares during the quarter. Cerity Partners LLC’s holdings in Ally Financial were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in shares of Ally Financial during the third quarter worth about $26,000. Harvest Fund Management Co. Ltd raised its position in shares of Ally Financial by 337.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,206 shares during the last quarter. Denali Advisors LLC increased its holdings in Ally Financial by 68.6% in the third quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 772 shares in the last quarter. Planned Solutions Inc. bought a new stake in Ally Financial in the fourth quarter worth approximately $83,000. Finally, Spire Wealth Management increased its holdings in Ally Financial by 11.4% in the third quarter. Spire Wealth Management now owns 4,146 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 425 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Ally Financial in a report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 target price for the company. Raymond James downgraded Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. Evercore ISI lifted their target price on Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. TheStreet upgraded Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Compass Point lifted their target price on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus target price of $38.47.

Ally Financial Stock Up 0.4 %

Shares of NYSE:ALLY opened at $39.30 on Friday. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 0.58 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 1.50. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $41.56. The business’s 50 day moving average is $38.04 and its 200 day moving average is $33.42.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.12. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. Ally Financial’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, sell-side analysts forecast that Ally Financial Inc. will post 2.95 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. Ally Financial’s dividend payout ratio (DPR) is currently 48.98%.

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.