Kingswood Wealth Advisors LLC Has $268,000 Position in Ally Financial Inc. (NYSE:ALLY)

Kingswood Wealth Advisors LLC decreased its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 48.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,321 shares of the financial services provider's stock after selling 7,005 shares during the period. Kingswood Wealth Advisors LLC's holdings in Ally Financial were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Copia Wealth Management acquired a new position in shares of Ally Financial in the first quarter valued at $27,000. Principal Securities Inc. increased its holdings in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares during the period. Harbour Investments Inc. raised its stake in shares of Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after buying an additional 595 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Ally Financial during the 4th quarter worth about $78,000. Finally, Van ECK Associates Corp acquired a new stake in shares of Ally Financial during the 4th quarter valued at about $85,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Trading Up 1.7%

Shares of ALLY stock traded up $0.66 during trading hours on Thursday, reaching $38.81. The company had a trading volume of 3,436,138 shares, compared to its average volume of 3,785,916. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 0.36 and a beta of 1.14. The company has a 50 day moving average of $34.77 and a 200 day moving average of $35.69.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. During the same quarter last year, the business earned $0.45 earnings per share. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Thursday, May 1st. Ally Financial's dividend payout ratio is currently 88.24%.

Insider Activity at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson bought 8,200 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was purchased at an average cost of $30.81 per share, with a total value of $252,642.00. Following the completion of the purchase, the chief financial officer now owns 236,421 shares in the company, valued at approximately $7,284,131.01. The trade was a 3.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider now directly owns 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BTIG Research cut shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price for the company. in a research report on Tuesday, March 25th. Bank of America cut their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Finally, Wall Street Zen raised shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $41.88.

Ally Financial Company 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.