Diversified Trust Co Purchases Shares of 23,151 Ally Financial Inc. $ALLY

Key Points

• Diversified Trust Co acquired a new stake in Ally Financial Inc., purchasing 23,151 shares valued at approximately $902,000 during the second quarter.
• Ally Financial reported a quarterly earnings per share (EPS) of $0.99, surpassing analyst estimates, with revenues totaling $2.08 billion.
• The company announced a quarterly dividend of $0.30 per share, reflecting an annualized yield of 2.8% and a payout ratio of 77.92%.

Diversified Trust Co purchased a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,151 shares of the financial services provider's stock, valued at approximately $902,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ally Financial in the first quarter valued at about $1,998,000. Teacher Retirement System of Texas purchased a new stake in shares of Ally Financial in the first quarter valued at about $1,462,000. Bessemer Group Inc. lifted its holdings 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 purchasing an additional 377 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ally Financial by 40.6% in the first quarter. GAMMA Investing LLC now owns 3,295 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 952 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Ally Financial by 56.3% in the first quarter. Janney Montgomery Scott LLC now owns 67,630 shares of the financial services provider's stock valued at $2,466,000 after purchasing an additional 24,372 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Ally Financial Stock Performance

Shares of ALLY stock opened at $43.51 on Tuesday. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $44.83. 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 firm has a market capitalization of $13.39 billion, a P/E ratio of 28.25, a P/E/G ratio of 0.34 and a beta of 1.13. The company's fifty day moving average price is $39.94 and its two-hundred day moving average price is $36.97.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 EPS 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 firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, August 1st. Ally Financial's dividend payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ALLY shares. Citigroup boosted their price objective on shares of Ally Financial from $59.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. boosted their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and issued a $47.00 price objective (up previously from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. Truist Financial boosted their price objective on shares of 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 shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $44.93.

About Ally Financial

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.

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