Trillium Asset Management LLC Has $18.94 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Key Points

• Trillium Asset Management LLC increased its holdings in **Ally Financial Inc.** by **7.9%** in the first quarter, acquiring an additional **37,992 shares**, bringing its total to **519,240 shares** valued at approximately **$18.9 million**.
• Ally Financial reported **earnings per share (EPS)** of **$0.99**, exceeding estimates, with revenue of **$2.08 billion**, marking a **3.0% increase** compared to the same quarter last year.
• The company announced a quarterly dividend of **$0.30 per share**, translating to a **3.2% dividend yield**, with a payout ratio currently at **77.92%**.

Trillium Asset Management LLC lifted its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 519,240 shares of the financial services provider's stock after purchasing an additional 37,992 shares during the period. Trillium Asset Management LLC owned 0.17% of Ally Financial worth $18,937,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ALLY. Jacobs Levy Equity Management Inc. grew its stake in Ally Financial by 84.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after buying an additional 1,918,965 shares during the last quarter. Janus Henderson Group PLC grew its stake in Ally Financial by 6,226.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock valued at $49,285,000 after buying an additional 1,347,020 shares during the last quarter. First Trust Advisors LP grew its stake in Ally Financial by 41.4% in the 4th quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock valued at $124,535,000 after buying an additional 1,011,985 shares during the last quarter. Northern Trust Corp grew its stake in Ally Financial by 28.0% in the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock valued at $141,932,000 after buying an additional 863,052 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Ally Financial by 105.1% in the 4th quarter. Deutsche Bank AG now owns 1,316,415 shares of the financial services provider's stock valued at $47,404,000 after buying an additional 674,464 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Price Performance

Shares of Ally Financial stock traded down $0.01 on Friday, reaching $38.88. 3,697,783 shares of the stock were exchanged, compared to its average volume of 3,216,204. The firm's 50 day moving average is $38.49 and its 200-day moving average is $36.29. Ally Financial Inc. has a one year low of $29.52 and a one year high of $43.86. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $11.97 billion, a PE ratio of 25.25, a P/E/G ratio of 0.30 and a beta of 1.16.

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 company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, August 1st. Ally Financial's dividend payout ratio is 77.92%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $47.00 price target (up previously from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company decreased their target price on shares of 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 analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.