Diversified Trust Co Sells 40,104 Shares of Ally Financial Inc. $ALLY

Key Points

• Diversified Trust Co cut its stake in Ally Financial by 50.2% in the first quarter, selling 40,104 shares and leaving it with 39,832 shares valued at about $1.56 million.
• Ally Financial reported strong quarterly results, with EPS of $1.11 beating estimates and revenue of $2.18 billion, up 36.4% year over year.
• The company paid a quarterly dividend of $0.30 per share and currently offers an annualized yield of 2.6%, while analysts maintain a Moderate Buy consensus with a price target around $54.14.

Diversified Trust Co cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 50.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,832 shares of the financial services provider's stock after selling 40,104 shares during the period. Diversified Trust Co's holdings in Ally Financial were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Ally Financial by 19.5% in the fourth quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider's stock valued at $646,347,000 after buying an additional 2,332,610 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ally Financial by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,708,942 shares of the financial services provider's stock valued at $394,432,000 after acquiring an additional 295,048 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Ally Financial by 7.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,071,504 shares of the financial services provider's stock worth $274,978,000 after acquiring an additional 444,756 shares during the period. Geode Capital Management LLC grew its holdings in Ally Financial by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider's stock worth $243,795,000 after acquiring an additional 241,000 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Ally Financial by 0.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider's stock valued at $175,137,000 after acquiring an additional 20,198 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $45.61 on Tuesday. The firm has a market cap of $13.98 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The stock's 50-day moving average is $43.40 and its 200-day moving average is $42.50. Ally Financial Inc. has a one year low of $35.92 and a one year high of $47.27. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the company earned $0.58 earnings per share. Ally Financial's quarterly revenue was up 36.4% on a year-over-year basis. Equities analysts predict that Ally Financial Inc. will post 5.28 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Ally Financial's dividend payout ratio is 29.27%.

Insider Activity at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the business's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total value of $210,700.00. Following the sale, the insider owned 93,927 shares of the company's stock, valued at $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas R. Timmerman sold 39,675 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the transaction, the insider owned 477,627 shares of the company's stock, valued at $21,574,411.59. The trade was a 7.67% decrease in their position. The SEC filing for this sale provides additional information. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of analyst reports. Weiss Ratings downgraded Ally Financial from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, May 26th. Wall Street Zen cut Ally Financial from a "buy" rating to a "hold" rating in a research note on Monday, June 8th. Truist Financial set a $54.00 price objective on Ally Financial in a report on Tuesday, April 21st. Evercore reissued an "outperform" rating and issued a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Finally, Bank of America raised their target price on Ally Financial from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, April 10th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.14.

Ally Financial Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.

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