Global Endowment Management LP Has $269,000 Stake in Ally Financial Inc. (NYSE:ALLY)

Key Points

• Global Endowment Management LP significantly reduced its stake in Ally Financial Inc. by 80.2%, now holding 7,364 shares worth $269,000.
• Ally Financial reported earnings per share of $0.99 for the latest quarter, exceeding analysts' expectations of $0.78, alongside a revenue of $2.08 billion.
• The company declared a quarterly dividend of $0.30 per share, reflecting a 3.1% yield and a payout ratio of 77.92%.

Global Endowment Management LP lowered its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 80.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,364 shares of the financial services provider's stock after selling 29,841 shares during the period. Global Endowment Management LP's holdings in Ally Financial were worth $269,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC raised its position in Ally Financial by 1.1% in the 4th quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock worth $946,000 after purchasing an additional 280 shares during the last quarter. EP Wealth Advisors LLC raised its position in Ally Financial by 4.9% in the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock worth $229,000 after purchasing an additional 297 shares during the last quarter. Signet Financial Management LLC raised its position in Ally Financial by 5.6% in the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock worth $245,000 after purchasing an additional 357 shares during the last quarter. Lido Advisors LLC raised its position in Ally Financial by 5.9% in the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock worth $232,000 after purchasing an additional 359 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Ally Financial by 59.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after acquiring an additional 377 shares during the period. Institutional investors own 88.76% of the company's stock.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $38.88 on Friday. The firm has a market cap of $11.97 billion, a PE ratio of 25.25, a PEG ratio of 0.30 and a beta of 1.16. The company has a current ratio of 0.92, a quick 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 $43.86. The company has a fifty day moving average price of $38.49 and a 200 day moving average price of $36.29.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results 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. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. Research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 annualized dividend and a yield of 3.1%. Ally Financial's payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Truist Financial boosted their target price on Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. BTIG Research upgraded Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.80.

Ally Financial 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.

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