Amundi Increases Stake in Ally Financial Inc. $ALLY

Key Points

• Amundi increased its stake in Ally Financial by 53.9% in Q1, acquiring an additional 622,601 shares, bringing its total ownership to 1,778,604 shares valued at approximately $64.87 million.
• Ally Financial's recent quarterly earnings exceeded expectations, reporting $0.99 EPS compared to the consensus estimate of $0.78, with a revenue of $2.08 billion.
• Recent analyst ratings for Ally Financial have shifted positively, with nine analysts giving it a Buy rating and a consensus target price of $43.67.

Amundi grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 53.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,778,604 shares of the financial services provider's stock after acquiring an additional 622,601 shares during the quarter. Amundi owned 0.58% of Ally Financial worth $64,866,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC raised its stake in Ally Financial by 1.1% during the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock worth $946,000 after acquiring an additional 280 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of Ally Financial by 4.9% in the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock valued at $229,000 after buying an additional 297 shares during the period. Signet Financial Management LLC increased its stake in shares of Ally Financial by 5.6% in the first quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock valued at $245,000 after buying an additional 357 shares during the period. Bessemer Group Inc. increased its stake in shares of Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after buying an additional 377 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of 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 buying an additional 459 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Analyst Ratings Changes

ALLY has been the subject of several recent research reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $47.00 price objective (up previously from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. Truist Financial upped their target price on Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citigroup reiterated a "buy" rating and issued a $59.00 target price (up from $55.00) on shares of Ally Financial in a report on Wednesday, July 2nd. Wall Street Zen upgraded Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.67.

Ally Financial Stock Up 0.3%

NYSE:ALLY traded up $0.12 during trading hours on Friday, hitting $42.22. 3,082,273 shares of the company traded hands, compared to its average volume of 2,352,482. Ally Financial Inc. has a one year low of $29.52 and a one year high of $42.46. The company has a market cap of $13.00 billion, a PE ratio of 27.42, a PEG ratio of 0.33 and a beta of 1.14. The firm's 50-day simple moving average is $39.54 and its 200-day simple moving average is $36.62. 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 (NYSE:ALLY - Get Free Report) last announced its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) 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 firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm posted $0.97 EPS. The business's revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 annualized dividend and a yield of 2.8%. Ally Financial's dividend payout ratio (DPR) is 77.92%.

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.