Dimensional Fund Advisors LP Has $320.86 Million Stake in Ally Financial Inc. $ALLY

Key Points

• Dimensional Fund Advisors LP increased its stake in Ally Financial by 1.5%, owning a total of 8,797,505 shares worth $320.9 million as of the latest SEC filing.
• Ally Financial reported earnings of $0.99 per share for the last quarter, exceeding analysts' expectations and reflecting a 3.0% annual revenue increase.
• The company declared a quarterly dividend of $0.30 per share, representing a 3.1% annual yield, with a payout ratio of 77.92%.

Dimensional Fund Advisors LP grew its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,797,505 shares of the financial services provider's stock after buying an additional 134,113 shares during the period. Dimensional Fund Advisors LP owned 2.86% of Ally Financial worth $320,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ALLY. Allspring Global Investments Holdings LLC acquired a new position in shares of Ally Financial during the 1st quarter worth approximately $1,998,000. Teacher Retirement System of Texas acquired a new stake in shares of Ally Financial in the first quarter valued at $1,462,000. Bessemer Group Inc. lifted its stake in Ally Financial by 59.6% in the first 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 raised its holdings in Ally Financial by 56.3% during the first 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Ally Financial by 40.6% in the 1st quarter. GAMMA Investing LLC now owns 3,295 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 952 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Ally Financial Price Performance

NYSE:ALLY traded up $1.8050 during mid-day trading on Friday, reaching $40.2550. 930,766 shares of the stock were exchanged, compared to its average volume of 3,880,628. The business has a fifty day moving average price of $38.61 and a 200 day moving average price of $36.27. The firm has a market capitalization of $12.39 billion, a PE ratio of 26.14, a PEG ratio of 0.30 and a beta of 1.16. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $43.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30.

Ally Financial (NYSE:ALLY - Get Free Report) last issued 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. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.Ally Financial's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.

Analyst Ratings Changes

ALLY has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. Truist Financial upped their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Ally Financial has a consensus rating of "Hold" and a consensus price target of $42.80.

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.