UBS Group AG Raises Stock Position in Ally Financial Inc. (NYSE:ALLY)

UBS Group AG grew its holdings in Ally Financial Inc. (NYSE:ALLY – Get Rating) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,430 shares of the financial services provider’s stock after buying an additional 1,477 shares during the period. UBS Group AG owned approximately 0.12% of Ally Financial worth $8,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ALLY. JBF Capital Inc. lifted its holdings in shares of Ally Financial by 33.3% in the 4th quarter. JBF Capital Inc. now owns 12,000 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 3,000 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Ally Financial by 7.3% in the 4th quarter. Nordea Investment Management AB now owns 1,238,609 shares of the financial services provider’s stock worth $30,123,000 after acquiring an additional 83,764 shares during the last quarter. Blume Capital Management Inc. bought a new stake in shares of Ally Financial in the 4th quarter worth about $103,000. KCS Wealth Advisory lifted its holdings in shares of Ally Financial by 46.4% in the 4th quarter. KCS Wealth Advisory now owns 34,713 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 11,009 shares during the last quarter. Finally, Dakota Wealth Management lifted its holdings in shares of Ally Financial by 38.3% in the 4th quarter. Dakota Wealth Management now owns 43,485 shares of the financial services provider’s stock worth $1,063,000 after acquiring an additional 12,046 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALLY has been the subject of several analyst reports. Citigroup lowered their target price on shares of Ally Financial from $45.00 to $40.00 in a report on Tuesday, April 18th. StockNews.com began coverage on shares of Ally Financial in a report on Thursday, May 18th. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Ally Financial from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, April 17th. Barclays reduced their price target on shares of Ally Financial from $35.00 to $34.00 in a report on Wednesday, April 12th. Finally, Piper Sandler boosted their price target on shares of Ally Financial from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and an average price target of $34.87.

Ally Financial Trading Up 0.2 %

Shares of Ally Financial stock opened at $26.94 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.85. Ally Financial Inc. has a 12-month low of $21.58 and a 12-month high of $44.33. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 6.62 and a beta of 1.34. The firm’s 50 day simple moving average is $25.53 and its two-hundred day simple moving average is $27.07.

Ally Financial (NYSE:ALLY – Get Rating) last issued its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.06). Ally Financial had a net margin of 16.42% and a return on equity of 14.79%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the company posted $2.03 EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts predict that Ally Financial Inc. will post 3.51 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 1st were paid a $0.30 dividend. The ex-dividend date was Friday, April 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.45%. Ally Financial’s payout ratio is currently 29.48%.

About Ally Financial

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Ally Financial, Inc engages in the provision of online banking, securities brokerage, and investment advisory services. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, Corporate Finance Operations, and Corporate and Other. The Automotive Finance Operations segment offers retail installment sales contracts, loans, and operating leases, offering term loans to dealers, financing dealer floor plans and other lines of credit to dealers, warehouse lines to automotive retailers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.