Kingswood Wealth Advisors LLC Grows Stake in Ally Financial Inc. (NYSE:ALLY)

Kingswood Wealth Advisors LLC grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 73.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,326 shares of the financial services provider’s stock after buying an additional 6,065 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Ally Financial were worth $516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Venturi Wealth Management LLC grew its stake in shares of Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the last quarter. Allworth Financial LP grew its stake in shares of Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares in the last quarter. Quarry LP raised its position in shares of Ally Financial by 311.4% in the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Ally Financial in the third quarter worth approximately $63,000. Institutional investors own 88.76% of the company’s stock.

Insider Activity

In related news, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $38.95 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The company’s 50 day moving average is $37.20 and its 200 day moving average is $37.84. The company has a market cap of $11.87 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts forecast that Ally Financial Inc. will post 3.91 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.08%. Ally Financial’s payout ratio is 46.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALLY shares. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group increased their price target on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus price target of $43.76.

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.