Vest Financial LLC Increases Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Vest Financial LLC boosted its position in Ally Financial Inc. (NYSE:ALLY) by 56.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,449 shares of the financial services provider’s stock after purchasing an additional 15,765 shares during the period. Vest Financial LLC’s holdings in Ally Financial were worth $1,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. OLD National Bancorp IN boosted its position in Ally Financial by 3.1% in the third quarter. OLD National Bancorp IN now owns 907,648 shares of the financial services provider’s stock worth $32,303,000 after purchasing an additional 27,047 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in Ally Financial by 4.1% in the third quarter. Cyndeo Wealth Partners LLC now owns 162,530 shares of the financial services provider’s stock worth $5,784,000 after purchasing an additional 6,435 shares during the last quarter. New Century Financial Group LLC purchased a new position in Ally Financial in the third quarter worth about $942,000. Schubert & Co purchased a new position in Ally Financial in the third quarter worth about $350,000. Finally, Blue Trust Inc. boosted its position in 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 purchasing an additional 352 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALLY. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada decreased their price objective on Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Citigroup began coverage on Ally Financial in a research note on Monday, June 24th. They issued a “buy” rating and a $50.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price objective on Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Barclays decreased their price objective on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.63.

Ally Financial Stock Down 2.3 %

Shares of ALLY opened at $35.01 on Monday. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $45.46. The business’s 50 day simple moving average is $37.62 and its 200-day simple moving average is $39.13. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91.

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

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

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.