Kingswood Wealth Advisors LLC Makes New $417,000 Investment in Ally Financial Inc. (NYSE:ALLY)

Kingswood Wealth Advisors LLC bought a new position in Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,951 shares of the financial services provider’s stock, valued at approximately $417,000.

A number of other large investors have also added to or reduced their stakes in ALLY. AustralianSuper Pty Ltd increased its holdings in shares of Ally Financial by 15.7% during the fourth quarter. AustralianSuper Pty Ltd now owns 2,610,685 shares of the financial services provider’s stock valued at $91,165,000 after acquiring an additional 353,344 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Ally Financial by 259.0% during the fourth quarter. SG Americas Securities LLC now owns 155,027 shares of the financial services provider’s stock valued at $5,414,000 after acquiring an additional 111,849 shares in the last quarter. Davis Investment Partners LLC purchased a new stake in Ally Financial in the fourth quarter valued at approximately $243,000. CFM Wealth Partners LLC purchased a new stake in Ally Financial in the fourth quarter valued at approximately $236,000. Finally, Cyndeo Wealth Partners LLC boosted its position in Ally Financial by 31.8% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 164,636 shares of the financial services provider’s stock valued at $5,749,000 after buying an additional 39,763 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of recent research reports. StockNews.com lowered Ally Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on Ally Financial from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Monday, January 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. TheStreet upgraded Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Ally Financial in a research report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

Ally Financial Stock Up 1.5 %

Ally Financial stock opened at $39.78 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 13.30 and a beta of 1.40. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $41.56. The stock’s fifty day moving average is $36.98 and its two-hundred day moving average is $31.65.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Analysts predict that Ally Financial Inc. will post 3.11 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a $0.30 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. Ally Financial’s dividend payout ratio is currently 40.13%.

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.