AlphaQuest LLC Decreases Stake in Ally Financial Inc. $ALLY

Key Points

• AlphaQuest LLC reduced its stake in Ally Financial by 78.6% during the first quarter, leaving it with 4,550 shares valued at $166,000.
• The company reported $0.99 earnings per share for the quarter, surpassing analysts' estimates and showing a 3.0% increase in revenue year-over-year.
• Ally Financial's quarterly dividend was set at $0.30, reflecting an annualized dividend yield of 2.9% and a payout ratio of 77.92%.

AlphaQuest LLC reduced its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 78.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,550 shares of the financial services provider's stock after selling 16,740 shares during the quarter. AlphaQuest LLC's holdings in Ally Financial were worth $166,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ALLY. Copia Wealth Management acquired a new position in shares of Ally Financial in the first quarter valued at approximately $27,000. Private Trust Co. NA raised its stake in Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock valued at $33,000 after buying an additional 509 shares in the last quarter. Bessemer Group Inc. lifted its stake in Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after purchasing an additional 377 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Ally Financial during the 1st quarter worth approximately $74,000. Finally, Fifth Third Bancorp boosted its stake in Ally Financial by 22.3% in the first quarter. Fifth Third Bancorp now owns 2,519 shares of the financial services provider's stock valued at $92,000 after acquiring an additional 459 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Up 0.0%

Shares of ALLY stock traded up $0.01 on Friday, reaching $41.58. 1,147,872 shares of the stock were exchanged, compared to its average volume of 3,807,343. The firm has a 50 day moving average of $39.37 and a two-hundred day moving average of $36.47. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $42.46. The stock has a market cap of $12.80 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

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

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial's dividend payout ratio is presently 77.92%.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. Wells Fargo & Company upgraded shares of Ally Financial from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $37.00 to $45.00 in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.67.

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.