Ally Financial Inc. (NYSE:ALLY) Stock Holdings Increased by Trillium Asset Management LLC

Trillium Asset Management LLC increased its holdings in Ally Financial Inc. (NYSE:ALLY) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,240 shares of the financial services provider’s stock after purchasing an additional 37,992 shares during the quarter. Trillium Asset Management LLC owned 0.17% of Ally Financial worth $18,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALLY. Jacobs Levy Equity Management Inc. raised its holdings in shares of 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 purchasing an additional 1,918,965 shares in the last quarter. Janus Henderson Group PLC raised its holdings 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 purchasing an additional 1,347,020 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Ally Financial by 41.4% in 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. Northern Trust Corp raised its holdings in shares of 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 purchasing an additional 863,052 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Ally Financial by 105.1% during the fourth quarter. Deutsche Bank AG now owns 1,316,415 shares of the financial services provider’s stock valued at $47,404,000 after acquiring an additional 674,464 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

ALLY stock opened at $37.26 on Tuesday. 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 company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 0.29 and a beta of 1.16. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $43.86. The firm has a 50 day moving average of $38.24 and a two-hundred day moving average of $36.26.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.21. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. Ally Financial’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 1st. Ally Financial’s dividend payout ratio is currently 77.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ALLY shares. BTIG Research upgraded shares of Ally Financial from a “sell” rating to a “neutral” rating in a 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 report on Wednesday, July 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of Ally Financial in a report on Monday, July 14th. Wall Street Zen upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Friday, May 23rd. Finally, Truist Financial boosted their price target on shares of Ally Financial from $44.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, July 24th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.80.

About Ally Financial

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.