First Financial Corp IN Reduces Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

First Financial Corp IN lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 21.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,567 shares of the financial services provider’s stock after selling 427 shares during the period. First Financial Corp IN’s holdings in Ally Financial were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new position in shares of Ally Financial during the 2nd quarter valued at about $1,269,000. Ashton Thomas Private Wealth LLC acquired a new position in Ally Financial in the second quarter valued at approximately $41,000. Choreo LLC purchased a new stake in Ally Financial in the 2nd quarter worth approximately $362,000. Daiwa Securities Group Inc. grew its stake in shares of Ally Financial by 8.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 19,009 shares of the financial services provider’s stock worth $754,000 after purchasing an additional 1,400 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Ally Financial by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 459,945 shares of the financial services provider’s stock valued at $18,246,000 after purchasing an additional 52,111 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Price Performance

NYSE:ALLY opened at $35.01 on Tuesday. Ally Financial Inc. has a one year low of $31.77 and a one year high of $45.46. The stock has a market cap of $10.67 billion, a PE ratio of 14.00, a P/E/G ratio of 0.46 and a beta of 1.44. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average price of $36.88 and a 200 day moving average price of $38.05.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on ALLY. Wells Fargo & Company lowered their price target on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, September 26th. TD Cowen reduced their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Barclays increased their target price on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their price target 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.67.

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.