Burney Co. Has $518,000 Holdings in Ally Financial Inc. (NYSE:ALLY)

Burney Co. trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,373 shares of the financial services provider’s stock after selling 1,278 shares during the period. Burney Co.’s holdings in Ally Financial were worth $518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares during the period. Allworth Financial LP boosted its position 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 valued at $51,000 after acquiring an additional 421 shares during the period. Quarry LP grew its stake in shares of Ally Financial by 311.4% in the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,143 shares during the last quarter. Brooklyn Investment Group bought a new position in Ally Financial during the third quarter worth $63,000. Finally, Rakuten Securities Inc. raised its stake in Ally Financial by 65,375.0% during the 3rd quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 2,615 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Price Performance

Shares of Ally Financial stock opened at $36.96 on Friday. Ally Financial Inc. has a 1-year low of $31.77 and a 1-year high of $45.46. The firm’s 50-day moving average price is $36.85 and its two-hundred day moving average price is $37.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.33 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. On average, equities analysts predict that Ally Financial Inc. will post 2.95 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company cut their price target on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Thursday, September 26th. Citigroup lifted their price objective on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus price target of $42.53.

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.