Raymond James Financial Inc. Has $5.78 Million Stock Holdings in Ally Financial Inc. $ALLY

Key Points

• Raymond James Financial Inc. increased its holdings in Ally Financial Inc. by 144.3% during Q1, owning approximately $5.78 million worth of the stock after acquiring additional shares.
• Several institutional investors have also adjusted their positions in Ally Financial, contributing to a total institutional ownership of 88.76%.
• Analyst ratings for Ally Financial are generally positive, with nine analysts issuing a Buy rating and a consensus price target of $43.67.

Raymond James Financial Inc. grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 144.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,549 shares of the financial services provider's stock after buying an additional 93,660 shares during the quarter. Raymond James Financial Inc. owned 0.05% of Ally Financial worth $5,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC lifted its position in Ally Financial by 1.1% in the 4th quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock valued at $946,000 after acquiring an additional 280 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Ally Financial by 4.9% in the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock worth $229,000 after purchasing an additional 297 shares during the last quarter. Signet Financial Management LLC lifted its holdings in shares of Ally Financial by 5.6% in 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 in the last quarter. Lido Advisors LLC boosted its position 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 buying an additional 359 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after buying an additional 377 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of analyst reports. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company raised shares of Ally Financial from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $37.00 to $45.00 in a research report on Tuesday. Morgan Stanley restated an "overweight" rating and set a $47.00 price target (up from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. Finally, Citigroup reiterated a "buy" rating and issued a $59.00 price objective (up previously from $55.00) on shares of Ally Financial in a research note on Wednesday, July 2nd. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.67.

Ally Financial Trading Up 0.2%

NYSE:ALLY opened at $40.86 on Thursday. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $42.41. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The firm's 50 day moving average is $39.32 and its 200 day moving average is $36.45. The stock has a market capitalization of $12.58 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

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

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 1st. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.

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.

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