Ally Financial Inc. $ALLY Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG significantly reduced its holdings in Ally Financial Inc., selling 43,950 shares and lowering its stake by 86.1% during the first quarter.
• Several institutional investors increased their positions in Ally Financial, with notable acquisitions from Copia Wealth Management and SVB Wealth LLC, indicating growing interest in the company's stock.
• Ally Financial reported strong quarterly earnings, with $0.99 EPS surpassing estimates and a revenue of $2.08 billion, reflecting a year-over-year growth of 3.0%.

B. Metzler seel. Sohn & Co. AG cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 86.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,066 shares of the financial services provider's stock after selling 43,950 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Ally Financial were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC grew its stake in shares of Ally Financial by 1.1% during the 4th quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock valued at $946,000 after purchasing an additional 280 shares during the period. EP Wealth Advisors LLC lifted its holdings in Ally Financial by 4.9% in the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock worth $229,000 after purchasing an additional 297 shares in the last quarter. Signet Financial Management LLC lifted its holdings in Ally Financial by 5.6% in the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock worth $245,000 after purchasing an additional 357 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of Ally Financial by 5.9% during the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock worth $232,000 after acquiring an additional 359 shares in the last quarter. Finally, Bessemer Group Inc. increased its position 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 valued at $37,000 after purchasing an additional 377 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Up 0.2%

ALLY traded up $0.10 on Wednesday, hitting $40.86. 1,966,878 shares of the company were exchanged, compared to its average volume of 2,338,774. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $42.41. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $39.32 and a two-hundred day moving average price of $36.45.

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 analysts' consensus estimates of $0.78 by $0.21. The firm had revenue of $2.08 billion during 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%.The business's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. On average, 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial's dividend payout ratio (DPR) is presently 77.92%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company raised Ally Financial from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $37.00 to $45.00 in a research report on Tuesday. JPMorgan Chase & Co. increased 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. Wall Street Zen upgraded Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Truist Financial lifted their price target on Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a report on Monday, July 14th. 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, Ally Financial currently has an average rating of "Moderate Buy" and an average target price 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.