1834 Investment Advisors Co. Buys 122,059 Shares of Ally Financial Inc. (NYSE:ALLY)

1834 Investment Advisors Co. increased its stake in Ally Financial Inc. (NYSE:ALLY) by 127.7% in the 3rd quarter, Holdings Channel reports. The fund owned 217,646 shares of the financial services provider’s stock after buying an additional 122,059 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Ally Financial were worth $7,746,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Boston Partners bought a new stake in shares of Ally Financial in the 1st quarter valued at about $152,079,000. Wedge Capital Management L L P NC boosted its stake in shares of Ally Financial by 584.7% during the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after purchasing an additional 1,191,529 shares during the period. Delta Global Management LP grew its holdings in shares of Ally Financial by 3,262.3% in the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after purchasing an additional 1,005,182 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after buying an additional 987,489 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its holdings in Ally Financial by 90.9% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,529,093 shares of the financial services provider’s stock valued at $62,066,000 after buying an additional 727,966 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

ALLY stock opened at $35.23 on Wednesday. Ally Financial Inc. has a 12 month low of $25.16 and a 12 month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The stock has a market cap of $10.71 billion, a PE ratio of 14.09, a P/E/G ratio of 0.41 and a beta of 1.40. The company has a 50-day moving average price of $35.91 and a 200 day moving average price of $38.87.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. Equities research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALLY shares. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Barclays decreased their price objective on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Morgan Stanley dropped their price objective on Ally Financial from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Evercore ISI lowered their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Finally, StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.38.

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.