Gateway Investment Advisers LLC Sells 122,234 Shares of Ally Financial Inc. (NYSE:ALLY)

Gateway Investment Advisers LLC lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 52.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,979 shares of the financial services provider’s stock after selling 122,234 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Ally Financial were worth $4,032,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its position in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 577 shares during the period. Allworth Financial LP grew its holdings in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the period. Quarry LP grew its holdings in Ally Financial by 311.4% during the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,143 shares during the period. Brooklyn Investment Group purchased a new stake in Ally Financial in the third quarter worth $63,000. Finally, Rakuten Securities Inc. raised its stake in shares of Ally Financial by 65,375.0% in the third quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock valued at $93,000 after buying an additional 2,615 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Down 1.1 %

Shares of NYSE ALLY opened at $36.96 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average of $36.85 and a 200-day moving average of $37.99. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.33 and a beta of 1.44. Ally Financial Inc. has a 12 month low of $31.77 and a 12 month high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly 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 business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. Sell-side analysts expect that Ally Financial Inc. will post 2.95 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. Ally Financial’s dividend payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several research reports. Morgan Stanley increased their price target on Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Wells Fargo & Company reduced their target price on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. Wolfe Research cut shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, TD Cowen lowered their target price on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $42.53.

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.