Empowered Funds LLC Cuts Holdings in Ally Financial Inc. $ALLY

Key Points

• Empowered Funds LLC cut its Ally Financial stake by 65.6% in the first quarter, selling 38,689 shares and retaining 20,316 shares valued at approximately $797,000. Institutional investors collectively own 88.76% of the company.
• Ally Financial reported quarterly revenue of $2.28 billion, up 9.8% year over year, while EPS of $1.21 narrowly missed analysts’ $1.22 estimate. The company also paid a quarterly dividend of $0.30, representing a 2.8% yield.
• Analysts remain broadly positive, with 14 Buy ratings and two Holds, resulting in a “Moderate Buy” consensus and an average price target of $53.64 versus the stock’s reported $43.62 opening price.

Empowered Funds LLC lessened its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 65.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,316 shares of the financial services provider's stock after selling 38,689 shares during the quarter. Empowered Funds LLC's holdings in Ally Financial were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SJS Investment Consulting Inc. grew its holdings in shares of Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 240 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Ally Financial by 3.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider's stock valued at $314,000 after buying an additional 243 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Ally Financial by 31.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider's stock worth $48,000 after purchasing an additional 252 shares in the last quarter. Triumph Capital Management raised its stake in Ally Financial by 9.2% in the fourth quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider's stock worth $142,000 after buying an additional 265 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Ally Financial by 25.0% in the 4th quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider's stock worth $61,000 after acquiring an additional 268 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

Shares of ALLY stock opened at $43.62 on Tuesday. Ally Financial Inc. has a 52-week low of $35.92 and a 52-week high of $47.29. The firm has a market capitalization of $13.27 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.28 and a beta of 1.10. The stock has a 50 day moving average price of $44.85 and a 200 day moving average price of $42.61. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.01). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, sell-side analysts predict that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, July 31st. Ally Financial's dividend payout ratio is currently 28.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada increased their target price on Ally Financial from $52.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $58.00 price objective on shares of Ally Financial in a report on Wednesday, July 22nd. Evercore restated an "outperform" rating and set a $54.00 target price on shares of Ally Financial in a research report on Tuesday, April 21st. Weiss Ratings raised Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. Finally, Barclays increased their price objective on shares of Ally Financial from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Monday, April 20th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.64.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total transaction of $221,150.00. Following the transaction, the insider directly owned 88,927 shares in the company, valued at $3,933,241.21. This represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Ally Financial Company 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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