Charles Schwab Investment Management Inc. Cuts Holdings in Ally Financial Inc. $ALLY

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Ally Financial Inc. by 0.3%, now owning approximately 2.31 million shares valued at $84.34 million.
• Ally Financial announced a quarterly dividend of $0.30, representing an annualized yield of 3.1%, with a payout ratio of 77.92%.
• Ally Financial reported earnings of $0.99 per share for the last quarter, exceeding analyst expectations and showcasing a revenue increase of 3.0% year-over-year.

Charles Schwab Investment Management Inc. cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,312,536 shares of the financial services provider's stock after selling 6,751 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.75% of Ally Financial worth $84,338,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ALLY. Tidal Investments LLC increased its stake in shares of Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock worth $946,000 after buying an additional 280 shares during the period. EP Wealth Advisors LLC increased its position 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 acquiring an additional 297 shares during the period. Signet Financial Management LLC increased its position 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 acquiring an additional 357 shares during the period. Lido Advisors LLC increased its holdings in Ally Financial by 5.9% during the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock valued at $232,000 after purchasing an additional 359 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Ally Financial by 59.6% during 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. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Wells Fargo & Company reduced 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. Morgan Stanley reiterated an "overweight" rating and set a $47.00 price target (up previously from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial has a consensus rating of "Hold" and a consensus target price of $42.80.

Ally Financial Price Performance

Shares of NYSE ALLY traded down $0.29 during mid-day trading on Monday, hitting $38.56. 619,404 shares of the company's stock traded hands, compared to its average volume of 3,927,284. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $43.86. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The company's 50-day moving average is $38.49 and its two-hundred day moving average is $36.24. The company has a market capitalization of $11.87 billion, a P/E ratio of 25.03, a PEG ratio of 0.30 and a beta of 1.16.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data 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. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.30 per share. 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 (DPR) is presently 77.92%.

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.