Northwestern Mutual Wealth Management Co. Acquires 14,593 Shares of Ally Financial Inc. $ALLY

Key Points

• Northwestern Mutual Wealth Management Co. has increased its holdings in Ally Financial Inc. by 24.4% during the first quarter, bringing its total ownership to $2.71 million.
• Ally Financial reported a quarterly earnings per share of $0.99, exceeding the consensus estimate by $0.21, with revenue of $2.08 billion, up 3% from the previous year.
• The company recently declared a quarterly dividend of $0.30 per share, which reflects a 2.9% dividend yield and a payout ratio of 77.92%.

Northwestern Mutual Wealth Management Co. lifted its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 24.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,324 shares of the financial services provider's stock after purchasing an additional 14,593 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Ally Financial were worth $2,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Ally Financial by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,797,505 shares of the financial services provider's stock worth $320,855,000 after purchasing an additional 134,113 shares in the last quarter. Wellington Management Group LLP purchased a new position in Ally Financial in the 1st quarter worth approximately $253,881,000. First Manhattan CO. LLC. raised its holdings in Ally Financial by 4.8% in the 4th quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider's stock worth $153,752,000 after acquiring an additional 192,295 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Ally Financial by 84.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock worth $151,320,000 after acquiring an additional 1,918,965 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Ally Financial by 28.0% in the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock worth $141,932,000 after acquiring an additional 863,052 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Performance

Shares of NYSE:ALLY traded down $0.00 during midday trading on Friday, hitting $41.05. The company had a trading volume of 2,233,072 shares, compared to its average volume of 2,528,210. 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 company has a market cap of $12.63 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 0.32 and a beta of 1.13. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $43.22. The company has a fifty day moving average of $39.13 and a two-hundred day moving average of $36.37.

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 the consensus estimate 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 return on equity of 9.48% and a net margin of 7.64%.Ally Financial's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. On average, equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 1st. Ally Financial's dividend payout ratio is presently 77.92%.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. Citigroup reiterated a "buy" rating and set a $59.00 target price (up from $55.00) on shares of Ally Financial in a research note on Wednesday, July 2nd. Morgan Stanley reiterated 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell 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 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.