First Trust Direct Indexing L.P. Boosts Holdings in Ally Financial Inc. (NYSE:ALLY)

First Trust Direct Indexing L.P. lifted its holdings in Ally Financial Inc. (NYSE:ALLY) by 14.1% in the fourth quarter, HoldingsChannel reports. The firm owned 10,332 shares of the financial services provider’s stock after buying an additional 1,278 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Ally Financial were worth $361,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Ancient Art L.P. acquired a new stake in Ally Financial in the third quarter valued at $41,429,000. Bank of New York Mellon Corp lifted its stake in Ally Financial by 47.5% during the third quarter. Bank of New York Mellon Corp now owns 3,620,655 shares of the financial services provider’s stock worth $96,599,000 after purchasing an additional 1,165,220 shares during the last quarter. FMR LLC boosted its holdings in Ally Financial by 47.1% in the third quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock valued at $88,484,000 after purchasing an additional 1,061,651 shares in the last quarter. Principal Financial Group Inc. increased its stake in Ally Financial by 4,867.7% in the third quarter. Principal Financial Group Inc. now owns 1,001,294 shares of the financial services provider’s stock valued at $26,715,000 after purchasing an additional 981,138 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Ally Financial during the fourth quarter worth approximately $27,975,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of recent analyst reports. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Compass Point lifted their target price on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Morgan Stanley raised Ally Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $47.00 in a research report on Thursday, February 8th. Finally, Wells Fargo & Company increased their price objective on Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, April 10th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.47.

Ally Financial Stock Up 1.4 %

Shares of Ally Financial stock opened at $39.91 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $41.56. The business’s fifty day moving average price is $38.37 and its two-hundred day moving average price is $34.12. The company has a market capitalization of $12.13 billion, a P/E ratio of 16.29, a PEG ratio of 0.57 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. As a group, research analysts forecast that Ally Financial Inc. will post 2.99 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is currently 48.98%.

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.