Wealth Enhancement Advisory Services LLC Has $2.51 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Wealth Enhancement Advisory Services LLC raised its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 42.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,693 shares of the financial services provider's stock after buying an additional 20,320 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Ally Financial were worth $2,505,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in shares of Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock valued at $946,000 after buying an additional 280 shares in the last quarter. EP Wealth Advisors LLC increased its position in Ally Financial by 4.9% in the 4th 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 in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Ally Financial by 2.1% in the 4th 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 in the last quarter. Signet Financial Management LLC raised its stake 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 worth $245,000 after acquiring an additional 357 shares during the last quarter. Finally, Lido Advisors LLC lifted 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 worth $232,000 after purchasing an additional 359 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Trading Up 0.3%

Ally Financial stock traded up $0.10 during midday trading on Monday, hitting $39.01. 2,838,739 shares of the stock were exchanged, compared to its average volume of 3,781,423. The stock has a market capitalization of $11.98 billion, a PE ratio of 28.68, a P/E/G ratio of 0.36 and a beta of 1.14. The company has a fifty day simple moving average of $35.06 and a two-hundred day simple moving average of $35.66. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.38. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46.

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

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.08%. Ally Financial's payout ratio is 88.24%.

Insider Activity

In related news, CFO Russell E. Hutchinson bought 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer owned 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This represents a 3.59% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the transaction, the insider directly owned 90,387 shares in the company, valued at approximately $2,905,038.18. The trade was a 8.13% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ALLY. Royal Bank Of Canada reissued an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a report on Monday, April 21st. Bank of America lowered their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and upped their price target for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Morgan Stanley decreased their price target on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Finally, Truist Financial boosted their price objective on Ally Financial from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Ally Financial has a consensus rating of "Hold" and a consensus price target of $41.88.

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.