XTX Topco Ltd Invests $1.98 Million in Ally Financial Inc. (NYSE:ALLY)

XTX Topco Ltd bought a new stake in Ally Financial Inc. (NYSE:ALLY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 49,898 shares of the financial services provider’s stock, valued at approximately $1,979,000.

A number of other institutional investors have also added to or reduced their stakes in ALLY. Fifth Third Bancorp increased its holdings in shares of Ally Financial by 1.2% during the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after acquiring an additional 278 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in Ally Financial by 1.7% during the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 287 shares in the last quarter. WBI Investments LLC raised its holdings in Ally Financial by 2.2% during the fourth quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock worth $511,000 after buying an additional 316 shares during the last quarter. Signet Financial Management LLC lifted its stake in shares of Ally Financial by 4.8% in the first quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock valued at $295,000 after buying an additional 330 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Ally Financial by 10.2% during the second quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock valued at $175,000 after buying an additional 400 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Ally Financial from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Citigroup assumed coverage on Ally Financial in a report on Monday, June 24th. They issued a “buy” rating and a $50.00 target price on the stock. Evercore ISI upped their price target on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. JPMorgan Chase & Co. upgraded Ally Financial from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $39.00 to $45.00 in a research note on Monday, July 8th. Finally, Barclays reduced their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and an average price target of $41.41.

Ally Financial Price Performance

Ally Financial stock opened at $34.96 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. The business’s 50 day simple moving average is $40.71 and its 200 day simple moving average is $39.63. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $45.46. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. Sell-side analysts forecast that Ally Financial Inc. will post 3.51 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, August 1st. Ally Financial’s dividend payout ratio (DPR) is currently 48.98%.

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.