XTX Topco Ltd Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Key Points

• XTX Topco Ltd has made a new investment in Ally Financial Inc., purchasing 17,461 shares valued at approximately $637,000.
• The company's quarterly earnings surpassed expectations, with a reported earnings per share (EPS) of $0.99, up from $0.97 a year ago.
• Ally Financial declared a quarterly dividend of $0.30 per share, reflecting an annualized dividend of $1.20 and a yield of 3.2%.

XTX Topco Ltd bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,461 shares of the financial services provider's stock, valued at approximately $637,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. boosted its position in shares of Ally Financial by 84.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after acquiring an additional 1,918,965 shares during the period. Phoenix Financial Ltd. raised its holdings in Ally Financial by 86.4% in the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock valued at $122,077,000 after acquiring an additional 1,571,027 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Ally Financial by 6,226.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock worth $49,285,000 after acquiring an additional 1,347,020 shares during the period. First Trust Advisors LP grew its holdings in shares of Ally Financial by 41.4% during the 4th quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock worth $124,535,000 after purchasing an additional 1,011,985 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Ally Financial by 28.0% during the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock worth $141,932,000 after purchasing an additional 863,052 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. 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 report 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. Citigroup restated a "buy" rating and set a $59.00 price target (up previously from $55.00) on shares of Ally Financial in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $42.80.

Ally Financial Stock Up 1.4%

Shares of NYSE ALLY traded up $0.52 during mid-day trading on Friday, hitting $37.47. The company had a trading volume of 1,811,674 shares, compared to its average volume of 3,989,171. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The firm has a 50-day simple moving average of $38.15 and a two-hundred day simple moving average of $36.33. The company has a market capitalization of $11.53 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 0.29 and a beta of 1.16. Ally Financial Inc. has a one year low of $29.52 and a one year high of $43.86.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. On average, equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

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

Ally Financial Company 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.