Quantitative Investment Management LLC Acquires New Holdings in Ally Financial Inc. $ALLY

Key Points

• Quantitative Investment Management LLC has invested approximately $533,000 in Ally Financial Inc., acquiring 14,642 shares during the first quarter.
• Ally Financial recently reported earnings per share of $0.99 for the latest quarter, surpassing expectations, and had $2.08 billion in revenue.
• The company maintains a dividend yield of 2.9%, with a recent quarterly dividend of $0.30 per share announced for investors recorded on August 1st.

Quantitative Investment Management LLC bought a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,642 shares of the financial services provider's stock, valued at approximately $533,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings 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 valued at $946,000 after purchasing an additional 280 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of 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 valued at $229,000 after purchasing an additional 297 shares during the last quarter. Signet Financial Management LLC boosted its stake in Ally Financial by 5.6% during the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock worth $245,000 after acquiring an additional 357 shares during the last quarter. Lido Advisors LLC boosted its stake in Ally Financial by 5.9% during the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock worth $232,000 after acquiring an additional 359 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after buying an additional 377 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley restated an "overweight" rating and set a $47.00 target price (up from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. Truist Financial increased their target price 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. JPMorgan Chase & Co. upped their price objective on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and an average target price of $42.80.

Ally Financial Trading Up 0.1%

Shares of Ally Financial stock traded up $0.04 during midday trading on Thursday, reaching $41.10. 2,721,544 shares of the company's stock traded hands, compared to its average volume of 2,588,038. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $12.65 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 0.32 and a beta of 1.16. The stock has a 50 day moving average of $39.04 and a 200-day moving average of $36.36. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $43.22.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results 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. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

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