Kingswood Wealth Advisors LLC Increases Position in Ally Financial Inc. (NYSE:ALLY)

Kingswood Wealth Advisors LLC grew its position in shares of Ally Financial Inc. (NYSE:ALLY) by 73.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,326 shares of the financial services provider’s stock after purchasing an additional 6,065 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Ally Financial were worth $516,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ALLY. Venturi Wealth Management LLC increased its stake in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the period. Allworth Financial LP grew its stake 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 in the last quarter. UMB Bank n.a. increased its position in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,061 shares during the period. Quarry LP raised its stake in shares of Ally Financial by 311.4% in the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Ally Financial during the 3rd quarter worth $63,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Price Performance

Ally Financial stock opened at $38.95 on Thursday. The company has a market cap of $11.87 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The business has a fifty day moving average of $37.20 and a two-hundred day moving average of $37.84. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.92 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that Ally Financial Inc. will post 3.91 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Buying and Selling at Ally Financial

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALLY. JPMorgan Chase & Co. raised their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI lowered 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 research note on Monday, October 7th. Barclays raised their price target on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Finally, Citigroup boosted their target price on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.76.

About Ally Financial

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.