JFS Wealth Advisors LLC Has $776,000 Stake in Ally Financial Inc. (NYSE:ALLY)

JFS Wealth Advisors LLC trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY) by 15.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,814 shares of the financial services provider’s stock after selling 4,116 shares during the period. JFS Wealth Advisors LLC’s holdings in Ally Financial were worth $776,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Ally Financial by 1.2% in the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after acquiring an additional 278 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Ally Financial by 8.2% in the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 352 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Ally Financial by 39.7% in the second quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 463 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Ally Financial by 0.6% in the second quarter. Arizona State Retirement System now owns 75,147 shares of the financial services provider’s stock worth $2,981,000 after acquiring an additional 480 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of research reports. Barclays dropped their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Evercore ISI dropped their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Bank of America dropped their target price on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.38.

Ally Financial Stock Performance

NYSE:ALLY opened at $35.05 on Friday. The company has a market capitalization of $10.65 billion, a PE ratio of 14.30, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a 50 day simple moving average of $36.42 and a two-hundred day simple moving average of $38.90. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. Ally Financial Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Research analysts anticipate that Ally Financial Inc. will post 2.87 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

Ally Financial Company 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.