74,120 Shares in Ally Financial Inc. (NYSE:ALLY) Acquired by Trilogy Capital Inc.

Trilogy Capital Inc. purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 74,120 shares of the financial services provider’s stock, valued at approximately $3,009,000.

Several other institutional investors have also made changes to their positions in the stock. Rise Advisors LLC bought a new position in Ally Financial during the first quarter valued at approximately $32,000. Northwest Financial Advisors bought a new position in Ally Financial during the fourth quarter valued at approximately $31,000. Quarry LP raised its position in Ally Financial by 165.7% during the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 598 shares in the last quarter. Friedenthal Financial bought a new position in Ally Financial during the fourth quarter valued at approximately $50,000. Finally, Rakuten Securities Inc. bought a new position in Ally Financial during the fourth quarter valued at approximately $67,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Up 0.2 %

NYSE:ALLY traded up $0.08 on Friday, hitting $39.67. 6,201,700 shares of the stock were exchanged, compared to its average volume of 2,140,694. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 0.48 and a beta of 1.41. The company’s 50-day moving average price is $39.31 and its 200 day moving average price is $37.46. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.77.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. Ally Financial’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. On average, equities research analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. Ally Financial’s dividend payout ratio is 48.98%.

Analyst Ratings Changes

ALLY has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. lowered shares of Ally Financial from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $37.00 to $39.00 in a research report on Wednesday, April 3rd. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. BTIG Research began coverage on shares of Ally Financial in a research report on Friday, June 7th. They set a “buy” rating and a $51.00 target price on the stock. Finally, TD Cowen boosted their target price on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.00.

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.