Ally Financial Inc. (NYSE:ALLY) is Bryce Point Capital LLC's 6th Largest Position

Key Points

• Bryce Point Capital LLC increased its stake in Ally Financial Inc. by 85.6% during the 1st quarter, bringing its total holdings to 26,741 shares valued at over $1 million.
• Insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock at an average price of $32.14, reducing her position by 8.13%.
• Ally Financial announced a quarterly dividend of $0.30 per share, yielding 3.11%, with 77.92% of its earnings being paid out as dividends.

Bryce Point Capital LLC grew its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 85.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,741 shares of the financial services provider's stock after acquiring an additional 12,336 shares during the period. Ally Financial accounts for approximately 0.8% of Bryce Point Capital LLC's holdings, making the stock its 6th largest position. Bryce Point Capital LLC's holdings in Ally Financial were worth $1,018,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Copia Wealth Management bought a new position in shares of Ally Financial during the 1st quarter worth about $27,000. Private Trust Co. NA increased its position 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 purchasing an additional 509 shares in the last quarter. Bessemer Group Inc. increased its position in Ally Financial by 59.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 377 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Ally Financial in the 4th quarter valued at about $78,000. Finally, Fifth Third Bancorp increased its position in Ally Financial by 22.3% in the 1st quarter. Fifth Third Bancorp now owns 2,519 shares of the financial services provider's stock valued at $92,000 after acquiring an additional 459 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Price Performance

NYSE ALLY traded down $0.21 during trading hours on Thursday, reaching $38.05. The company's stock had a trading volume of 1,149,953 shares, compared to its average volume of 4,034,636. The firm's 50-day moving average price is $37.80 and its 200-day moving average price is $36.29. 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 Inc. has a 1 year low of $29.52 and a 1 year high of $45.46. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 0.30 and a beta of 1.15.

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

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, August 1st. Ally Financial's dividend payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ALLY shares. BTIG Research raised shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Wall Street Zen raised shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. upped their price target on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.