Natixis Advisors LLC Buys 452,570 Shares of Ally Financial Inc. (NYSE:ALLY)

Key Points

• Natixis Advisors LLC significantly increased its position in Ally Financial Inc. by purchasing 452,570 shares, representing a 431.7% growth during the first quarter and valuing its total holdings at approximately $20.3 million.
• Ally Financial recently announced a quarterly dividend of $0.30 per share, equating to an annualized yield of 3.2%, with a dividend payout ratio of 77.92%.
• Analyst ratings for Ally Financial are mixed, with one sell rating, eight holds, and nine buy ratings, while recent price targets vary from $32.00 to $47.00.

Natixis Advisors LLC raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 431.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 557,399 shares of the financial services provider's stock after acquiring an additional 452,570 shares during the quarter. Natixis Advisors LLC owned approximately 0.18% of Ally Financial worth $20,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Ally Financial during the 1st quarter worth approximately $1,998,000. Teacher Retirement System of Texas bought a new stake in shares of Ally Financial in the 1st quarter valued at $1,462,000. Bessemer Group Inc. increased its stake 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 valued at $37,000 after purchasing an additional 377 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Ally Financial by 56.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 67,630 shares of the financial services provider's stock worth $2,466,000 after buying an additional 24,372 shares during the last quarter. Finally, 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 worth $120,000 after buying an additional 952 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALLY has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their target price 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. Morgan Stanley reissued an "overweight" rating and set a $47.00 target price (up from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. Wells Fargo & Company lowered their price objective on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Citigroup reissued a "buy" rating and set a $59.00 price target (up from $55.00) on shares of Ally Financial in a research report on Wednesday, July 2nd. One investment 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 MarketBeat, Ally Financial has a consensus rating of "Hold" and a consensus price target of $42.80.

Ally Financial Stock Down 0.7%

Shares of ALLY traded down $0.26 on Thursday, hitting $36.96. The company's stock had a trading volume of 1,258,475 shares, compared to its average volume of 3,992,792. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 0.29 and a beta of 1.16. The firm's fifty day moving average price is $38.07 and its 200-day moving average price is $36.32. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $43.86.

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

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.30 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.20 annualized dividend and a yield of 3.2%. Ally Financial's dividend payout ratio is presently 77.92%.

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.