111 Capital Purchases New Position in Ally Financial Inc. $ALLY

Key Points

• 111 Capital has acquired a new position in Ally Financial Inc., purchasing 12,589 shares worth approximately $490,000 in the second quarter.
• Ally Financial's recent quarterly earnings report exceeded expectations, with $0.99 EPS compared to analysts' consensus of $0.78, and a revenue of $2.08 billion.
• The company's stock has a market cap of $12.18 billion, and it currently offers a dividend yield of 3.0% after announcing a quarterly dividend of $0.30 per share.

111 Capital purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,589 shares of the financial services provider's stock, valued at approximately $490,000.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Ally Financial during the first quarter valued at approximately $1,998,000. Teacher Retirement System of Texas acquired a new stake in Ally Financial in the first quarter valued at approximately $1,462,000. Bessemer Group Inc. grew its holdings in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 377 shares during the period. GAMMA Investing LLC grew its holdings in Ally Financial by 40.6% in the first quarter. GAMMA Investing LLC now owns 3,295 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 952 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Ally Financial by 56.3% in the first quarter. Janney Montgomery Scott LLC now owns 67,630 shares of the financial services provider's stock valued at $2,466,000 after purchasing an additional 24,372 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALLY has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Evercore ISI dropped their price objective on Ally Financial from $45.00 to $44.00 and set an "in-line" rating on the stock in a report on Tuesday, September 30th. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. Finally, Morgan Stanley lifted their price target on Ally Financial from $47.00 to $52.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Ally Financial currently has an average rating of "Moderate Buy" and an average target price of $45.36.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $39.58 on Monday. Ally Financial Inc. has a one year low of $29.52 and a one year high of $44.83. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 0.31 and a beta of 1.18. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The business's 50 day moving average price is $40.12 and its 200 day moving average price is $37.34.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.21. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $0.97 earnings per share. The firm's revenue was up 3.0% compared to the same quarter last year. On average, research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. Ally Financial's dividend payout ratio (DPR) is presently 77.92%.

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.

Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.