Caisse Des Depots ET Consignations Has $208,000 Stock Position in Ally Financial Inc. (NYSE:ALLY)

Key Points

• Caisse Des Depots ET Consignations significantly reduced its stake in Ally Financial by 94.3%, owning only 5,704 shares after selling 95,060 shares in the first quarter.
• Ally Financial reported $0.99 EPS for its latest quarter, surpassing the consensus estimate of $0.78, with revenue increasing by 3.0% year-over-year.
• The company announced a quarterly dividend of $0.30 per share to be paid on August 15th, with an annualized dividend yield of 3.2%.

Caisse Des Depots ET Consignations cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 94.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,704 shares of the financial services provider's stock after selling 95,060 shares during the quarter. Caisse Des Depots ET Consignations' holdings in Ally Financial were worth $208,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Copia Wealth Management acquired a new position in shares of Ally Financial during the 1st quarter worth approximately $27,000. Private Trust Co. NA increased its holdings in shares of Ally Financial by 125.7% during the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock worth $33,000 after acquiring an additional 509 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of 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. Fifth Third Bancorp increased its holdings in shares of Ally Financial by 22.3% during the 1st quarter. Fifth Third Bancorp now owns 2,519 shares of the financial services provider's stock worth $92,000 after acquiring an additional 459 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Ally Financial by 67.1% in the 1st quarter. UMB Bank n.a. now owns 2,583 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 1,037 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Price Performance

Shares of Ally Financial stock traded up $0.52 during trading on Friday, reaching $37.47. 1,811,959 shares of the company's stock were exchanged, compared to its average volume of 3,360,361. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $43.86. The company has a market cap of $11.53 billion, a P/E ratio of 24.33, a PEG ratio of 0.29 and a beta of 1.16. The firm's 50-day moving average price is $38.20 and its 200 day moving average price is $36.30.

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

Ally Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ALLY shares. Royal Bank Of Canada restated an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. Morgan Stanley restated an "overweight" rating and issued a $47.00 price target (up from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. Wall Street Zen raised shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company reduced their price target on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $42.80.

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.