49,898 Shares in Ally Financial Inc. (NYSE:ALLY) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 49,898 shares of the financial services provider's stock, valued at approximately $1,979,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ALLY. BNP Paribas Financial Markets boosted its position in shares of Ally Financial by 133.6% in the 4th quarter. BNP Paribas Financial Markets now owns 95,397 shares of the financial services provider's stock worth $3,331,000 after purchasing an additional 54,562 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Ally Financial by 3.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,909 shares of the financial services provider's stock worth $1,254,000 after acquiring an additional 1,126 shares during the last quarter. Norges Bank bought a new position in shares of Ally Financial during the fourth quarter valued at $62,869,000. Dynamic Technology Lab Private Ltd purchased a new stake in Ally Financial during the 4th quarter valued at about $459,000. Finally, PNC Financial Services Group Inc. increased its stake in Ally Financial by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,613 shares of the financial services provider's stock valued at $964,000 after purchasing an additional 4,021 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALLY. Barclays dropped their target price on shares of Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 12th. Evercore ISI increased their target price on Ally Financial from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Tuesday, June 25th. Bank of America decreased their price target on Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. BTIG Research cut Ally Financial from a "buy" rating to a "neutral" rating in a research report on Monday. Finally, Morgan Stanley decreased their target price on Ally Financial from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $41.41.

Ally Financial Stock Performance

Shares of NYSE:ALLY traded down $0.35 during midday trading on Friday, hitting $34.61. The company had a trading volume of 1,840,543 shares, compared to its average volume of 3,467,416. The company has a fifty day moving average of $40.71 and a two-hundred day moving average of $39.63. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. 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 $10.52 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 - Get Free Report) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts expect that Ally Financial Inc. will post 3.51 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. Ally Financial's payout ratio is presently 48.98%.

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.