Charles Schwab Investment Management Inc. Reduces Holdings in Ally Financial Inc. (NYSE:ALLY)

Charles Schwab Investment Management Inc. decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,312,536 shares of the financial services provider’s stock after selling 6,751 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.75% of Ally Financial worth $84,338,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC boosted its stake in shares of Ally Financial by 1.1% during the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider’s stock worth $946,000 after buying an additional 280 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of Ally Financial by 4.9% during the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider’s stock worth $229,000 after buying an additional 297 shares during the period. Signet Financial Management LLC boosted its stake in shares of Ally Financial by 5.6% during the first quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider’s stock worth $245,000 after buying an additional 357 shares during the period. Lido Advisors LLC boosted its stake in shares of Ally Financial by 5.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider’s stock worth $232,000 after buying an additional 359 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock worth $37,000 after buying an additional 377 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Up 1.6%

Shares of Ally Financial stock opened at $38.91 on Thursday. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $43.86. 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 stock has a market cap of $11.98 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 0.30 and a beta of 1.16. The company has a 50-day moving average of $38.37 and a two-hundred day moving average of $36.29.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.21. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. Ally Financial’s dividend payout ratio (DPR) is 77.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ally Financial in a research note on Monday, July 14th. BTIG Research upgraded shares of Ally Financial from a “sell” rating to a “neutral” rating in a research note on Monday, July 14th. Finally, Truist Financial raised their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.80.

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.