Ally Financial Inc. (NYSE:ALLY) Shares Sold by Principal Street Partners LLC

Principal Street Partners LLC trimmed its position in Ally Financial Inc. (NYSE:ALLY) by 22.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 132,851 shares of the financial services provider’s stock after selling 39,566 shares during the quarter. Principal Street Partners LLC’s holdings in Ally Financial were worth $4,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in Ally Financial by 68.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock worth $2,455,000 after buying an additional 28,114 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Ally Financial by 245.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider’s stock worth $24,687,000 after acquiring an additional 432,350 shares during the period. OLD National Bancorp IN raised its holdings in shares of Ally Financial by 3.8% during the second quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider’s stock worth $34,933,000 after purchasing an additional 32,478 shares during the last quarter. Fulton Bank N.A. acquired a new position in Ally Financial during the second quarter valued at $689,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Ally Financial by 58.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock valued at $1,796,000 after purchasing an additional 18,671 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ALLY. Barclays reduced their price objective on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. JPMorgan Chase & Co. raised Ally Financial from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $46.00 to $40.00 in a report on Monday, October 7th. Wells Fargo & Company dropped their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. Finally, Raymond James raised shares of Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.69.

Ally Financial Price Performance

NYSE:ALLY opened at $38.53 on Tuesday. The stock has a 50 day moving average of $35.47 and a two-hundred day moving average of $38.64. Ally Financial Inc. has a 12 month low of $26.50 and a 12 month high of $45.46. The firm has a market cap of $11.74 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.45 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results 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 firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. On average, analysts expect that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio is currently 48.00%.

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.