JFS Wealth Advisors LLC Sells 1,850 Shares of Ally Financial Inc. (NYSE:ALLY)

JFS Wealth Advisors LLC reduced its position in shares of Ally Financial Inc. (NYSE:ALLY) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,964 shares of the financial services provider’s stock after selling 1,850 shares during the period. JFS Wealth Advisors LLC’s holdings in Ally Financial were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after acquiring an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after purchasing an additional 1,563,008 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Ally Financial during the 3rd quarter worth $21,571,000. 140 Summer Partners LP bought a new stake in shares of Ally Financial in the 3rd quarter valued at about $19,140,000. Finally, Franklin Resources Inc. grew its position in shares of Ally Financial by 184.7% in the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock valued at $19,044,000 after buying an additional 345,210 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

ALLY has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods boosted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group increased their price target on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.76.

Ally Financial Price Performance

Shares of ALLY opened at $38.39 on Tuesday. The stock has a market cap of $11.70 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.43 and a beta of 1.45. The business’s fifty day moving average is $37.11 and its 200 day moving average is $37.38. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46.

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. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that Ally Financial Inc. will post 3.69 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, January 31st. Ally Financial’s payout ratio is currently 46.15%.

Insider Buying and Selling at Ally Financial

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

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.