Private Advisor Group LLC Invests $498,000 in Ally Financial Inc. (NYSE:ALLY)

Private Advisor Group LLC acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 13,650 shares of the financial services provider's stock, valued at approximately $498,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Ally Financial in the 4th quarter worth approximately $75,483,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Ally Financial by 84.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after buying an additional 1,918,965 shares in the last quarter. Phoenix Financial Ltd. lifted its stake in Ally Financial by 86.4% during the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after acquiring an additional 1,571,027 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Ally Financial by 6,226.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock valued at $49,285,000 after acquiring an additional 1,347,020 shares during the period. Finally, First Trust Advisors LP increased its stake in Ally Financial by 41.4% during the fourth quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock worth $124,535,000 after purchasing an additional 1,011,985 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on ALLY shares. Wells Fargo & Company lowered their price objective on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Bank of America decreased their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. Finally, BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $42.80.

Ally Financial Stock Performance

ALLY traded down $0.40 on Thursday, reaching $37.86. The company had a trading volume of 2,625,231 shares, compared to its average volume of 3,228,841. 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 1 year low of $29.52 and a 1 year high of $45.46. The stock has a market capitalization of $11.63 billion, a PE ratio of 24.58, a P/E/G ratio of 0.30 and a beta of 1.15. The stock has a 50-day moving average price of $37.80 and a 200-day moving average price of $36.29.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.21. The firm 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 was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. As a group, research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 1st. Ally Financial's payout ratio is presently 77.92%.

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.