1834 Investment Advisors Co. Raises Position in Ally Financial Inc. (NYSE:ALLY)

Key Points

• 1834 Investment Advisors Co. increased its stake in Ally Financial Inc. by 20.0%, now holding 258,189 shares valued at approximately $9.4 million.
• Ally Financial reported a quarterly earnings per share of $0.99, significantly exceeding the estimated $0.78, and showed a 3.0% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.30 per share, which will be paid on August 15th, reflecting an annualized yield of 3.2%.

1834 Investment Advisors Co. boosted its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 258,189 shares of the financial services provider's stock after purchasing an additional 43,059 shares during the period. Ally Financial makes up 1.2% of 1834 Investment Advisors Co.'s portfolio, making the stock its 20th largest position. 1834 Investment Advisors Co. owned 0.08% of Ally Financial worth $9,416,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Ally Financial in the first quarter worth about $1,998,000. Teacher Retirement System of Texas purchased a new stake in Ally Financial during the 1st quarter valued at about $1,462,000. Bessemer Group Inc. grew its position in Ally Financial by 59.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after acquiring an additional 377 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Ally Financial by 56.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 67,630 shares of the financial services provider's stock worth $2,466,000 after purchasing an additional 24,372 shares during the period. Finally, GAMMA Investing LLC increased its stake in Ally Financial by 40.6% in the 1st quarter. GAMMA Investing LLC now owns 3,295 shares of the financial services provider's stock worth $120,000 after purchasing an additional 952 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $37.26 on Thursday. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $43.86. The stock has a market capitalization of $11.44 billion, a P/E ratio of 24.19, a P/E/G ratio of 0.29 and a beta of 1.16. The company's 50-day moving average is $38.07 and its 200 day moving average is $36.32. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.21. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.97 EPS. The business's revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.30 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. Ally Financial's dividend payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALLY. Morgan Stanley reissued an "overweight" rating and set a $47.00 price objective (up previously from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Truist Financial increased their price target on shares of Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $42.80.

Ally Financial Company 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.

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