IFP Advisors Inc Has $769,000 Stake in Ally Financial Inc. (NYSE:ALLY)

IFP Advisors Inc lifted its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 1,424.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,007 shares of the financial services provider's stock after purchasing an additional 19,629 shares during the period. IFP Advisors Inc's holdings in Ally Financial were worth $769,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC increased its position in Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock worth $946,000 after purchasing an additional 280 shares during the last quarter. EP Wealth Advisors LLC increased its position in Ally Financial by 4.9% during the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock valued at $229,000 after acquiring an additional 297 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Ally Financial by 2.1% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after acquiring an additional 320 shares during the last quarter. Signet Financial Management LLC boosted its stake in shares of Ally Financial by 5.6% during the first quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 357 shares during the period. Finally, Lido Advisors LLC boosted its stake in shares of Ally Financial by 5.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock valued at $232,000 after purchasing an additional 359 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

ALLY traded up $0.16 during trading on Friday, hitting $38.54. The company's stock had a trading volume of 2,691,746 shares, compared to its average volume of 3,354,050. The firm's 50 day moving average price is $37.55 and its two-hundred day moving average price is $36.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. Sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.11%. Ally Financial's dividend payout ratio (DPR) is presently 77.92%.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider directly owned 90,387 shares of the company's stock, valued at $2,905,038.18. The trade was a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of research reports. BTIG Research raised shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Bank of America decreased their price objective on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Monday. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Finally, Wells Fargo & Company dropped their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Ally Financial currently has an average rating of "Hold" and an average price target of $42.80.

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.