Penn Davis Mcfarland Inc. Sells 1,415 Shares of Ally Financial Inc. (NYSE:ALLY)

Penn Davis Mcfarland Inc. decreased its holdings in Ally Financial Inc. (NYSE:ALLY) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,455 shares of the financial services provider’s stock after selling 1,415 shares during the period. Penn Davis Mcfarland Inc.’s holdings in Ally Financial were worth $2,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock worth $2,455,000 after acquiring an additional 28,114 shares in the last quarter. Oak Thistle LLC purchased a new position in Ally Financial in the fourth quarter valued at about $1,112,000. CWA Asset Management Group LLC purchased a new position in Ally Financial in the third quarter valued at about $1,338,000. Wealth Enhancement Advisory Services LLC raised its holdings in Ally Financial by 58.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 18,671 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Ally Financial during the third quarter valued at about $21,571,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $36.96 on Monday. The business’s 50 day moving average price is $36.85 and its 200-day moving average price is $37.96. Ally Financial Inc. has a 1 year low of $31.77 and a 1 year high of $45.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $11.26 billion, a PE ratio of 14.79, a P/E/G ratio of 0.33 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (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 analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, equities research analysts expect that Ally Financial Inc. will post 2.95 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. Ally Financial’s dividend payout ratio is currently 48.00%.

Analyst Ratings Changes

Several research analysts recently commented on ALLY shares. Wells Fargo & Company reduced their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. Keefe, Bruyette & Woods upped their price target on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays raised their price objective on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. TD Cowen reduced their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Finally, Morgan Stanley raised their price target on Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.53.

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.