Trilogy Capital Inc. Acquires New Position in Ally Financial Inc. (NYSE:ALLY)

Trilogy Capital Inc. acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 74,120 shares of the financial services provider’s stock, valued at approximately $3,009,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Ally Financial by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock valued at $747,293,000 after buying an additional 290,842 shares in the last quarter. Northern Trust Corp grew its position in Ally Financial by 34.2% during the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock worth $83,309,000 after acquiring an additional 795,754 shares during the last quarter. Donald Smith & CO. Inc. grew its position in Ally Financial by 22.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,752,830 shares of the financial services provider’s stock worth $96,129,000 after acquiring an additional 495,584 shares during the last quarter. AustralianSuper Pty Ltd grew its position in Ally Financial by 15.7% during the 4th quarter. AustralianSuper Pty Ltd now owns 2,610,685 shares of the financial services provider’s stock worth $91,165,000 after acquiring an additional 353,344 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Ally Financial by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,346,882 shares of the financial services provider’s stock worth $81,953,000 after acquiring an additional 42,556 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ALLY. Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Evercore ISI lifted their price objective on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. TD Cowen lifted their price objective on Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. BTIG Research began coverage on Ally Financial in a research report on Friday, June 7th. They issued a “buy” rating and a $51.00 price objective on the stock. Finally, StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and an average target price of $41.00.

Ally Financial Stock Performance

NYSE:ALLY traded up $0.08 during mid-day trading on Friday, hitting $39.67. 6,201,700 shares of the company traded hands, compared to its average volume of 2,140,694. The stock’s fifty day moving average price is $39.31 and its 200-day moving average price is $37.46. Ally Financial Inc. has a one year low of $22.54 and a one year high of $41.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.48 and a beta of 1.41.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. Research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is 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.