UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 25,653 Shares of Ally Financial Inc. $ALLY

Key Points

• UBS Asset Management has reduced its stake in Ally Financial Inc. by 1.2%, now owning approximately 0.68% of the company, worth around $75.74 million.
• Ally Financial reported earnings of $0.99 per share, surpassing analysts' expectations, with quarterly revenue up by 3% year-over-year.
• The company recently declared a quarterly dividend of $0.30 per share, representing a dividend yield of 2.8% and a payout ratio of 77.92%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,076,704 shares of the financial services provider's stock after selling 25,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.68% of Ally Financial worth $75,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Ally Financial in the first quarter worth about $1,998,000. Teacher Retirement System of Texas bought a new stake in Ally Financial in the first quarter worth about $1,462,000. 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 worth $37,000 after purchasing an additional 377 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Ally Financial by 56.3% in the first quarter. Janney Montgomery Scott LLC now owns 67,630 shares of the financial services provider's stock worth $2,466,000 after purchasing an additional 24,372 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in 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 purchasing an additional 952 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Ally Financial Trading Up 0.3%

Shares of NYSE ALLY opened at $42.22 on Friday. 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 stock has a market capitalization of $13.00 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 0.33 and a beta of 1.14. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $42.46. The business has a fifty day moving average price of $39.54 and a 200 day moving average price of $36.62.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The firm's quarterly 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. Equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 1st. Ally Financial's dividend payout ratio is 77.92%.

Analyst Upgrades and Downgrades

ALLY has been the subject of several analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $47.00 price objective (up previously from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. BTIG Research raised shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Truist Financial raised their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. 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 research report on Friday, May 23rd. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Ally Financial currently has an average rating of "Moderate Buy" and a consensus target price of $43.67.

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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