Caxton Associates LLP Buys Shares of 25,420 Ally Financial Inc. $ALLY

Key Points

• Caxton Associates LLP has acquired a new position in Ally Financial Inc., purchasing 25,420 shares valued at approximately $927,000 during the first quarter of the year.
• Several large investors have recently increased or established their stakes in Ally Financial, with 88.76% of the stock now owned by institutional investors and hedge funds.
• Ally Financial reported a quarterly earnings per share of $0.99, exceeding analysts' estimates of $0.78, alongside a 3.0% year-over-year revenue increase.

Caxton Associates LLP purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,420 shares of the financial services provider's stock, valued at approximately $927,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALLY. Wellington Management Group LLP acquired a new position in shares of Ally Financial in the 1st quarter valued at $253,881,000. Millennium Management LLC raised its position in shares of Ally Financial by 234.7% in the first quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider's stock worth $136,838,000 after acquiring an additional 2,630,981 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Ally Financial by 6,226.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock worth $49,285,000 after acquiring an additional 1,347,020 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Ally Financial by 173.2% during the 1st quarter. AQR Capital Management LLC now owns 1,377,717 shares of the financial services provider's stock worth $49,984,000 after acquiring an additional 873,380 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Ally Financial by 105.1% during the 4th quarter. Deutsche Bank AG now owns 1,316,415 shares of the financial services provider's stock valued at $47,404,000 after acquiring an additional 674,464 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Price Performance

ALLY stock traded up $0.12 during midday trading on Friday, reaching $42.22. The stock had a trading volume of 3,082,273 shares, compared to its average volume of 2,352,482. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $42.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The company's fifty day simple moving average is $39.54 and its 200 day simple moving average is $36.62. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 0.33 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.21. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, sell-side analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial's dividend payout ratio is currently 77.92%.

Analysts Set New Price Targets

ALLY has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. Citigroup reiterated a "buy" rating and set a $59.00 target price (up previously from $55.00) on shares of Ally Financial in a research report on Wednesday, July 2nd. BTIG Research raised shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Truist Financial lifted their target price on shares of Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Ally Financial presently has a consensus rating of "Moderate Buy" and an average target price of $43.67.

Ally Financial 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.