Eisler Capital Management Ltd. Buys New Holdings in Ally Financial Inc. $ALLY

Key Points

• Eisler Capital Management Ltd. has acquired 621,250 shares of Ally Financial Inc., valued at approximately $22.7 million, making it the firm's 14th largest position.
• Ally Financial recently reported a quarterly earnings per share of $0.99, surpassing analysts' expectations of $0.78 and showing a 3% year-over-year increase in revenue.
• The firm declared a quarterly dividend of $0.30 per share, reflecting a yield of 2.9%, with a payout ratio currently at 77.92%.

Eisler Capital Management Ltd. bought a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 621,250 shares of the financial services provider's stock, valued at approximately $22,651,000. Ally Financial accounts for approximately 0.2% of Eisler Capital Management Ltd.'s investment portfolio, making the stock its 14th biggest position. Eisler Capital Management Ltd. owned about 0.20% of Ally Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ieq Capital LLC bought a new stake in Ally Financial during the 1st quarter valued at approximately $1,416,000. Gabelli Funds LLC raised its stake in Ally Financial by 3.5% during the 1st quarter. Gabelli Funds LLC now owns 29,685 shares of the financial services provider's stock valued at $1,083,000 after purchasing an additional 1,000 shares during the period. Epoch Investment Partners Inc. bought a new stake in Ally Financial during the 1st quarter valued at approximately $727,000. Ceredex Value Advisors LLC bought a new stake in Ally Financial during the 1st quarter valued at approximately $12,708,000. Finally, Causeway Capital Management LLC increased its stake in Ally Financial by 53.9% in the 1st quarter. Causeway Capital Management LLC now owns 651,383 shares of the financial services provider's stock worth $23,756,000 after acquiring an additional 228,019 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Ally Financial Price Performance

ALLY opened at $40.75 on Wednesday. The business has a fifty day moving average of $38.87 and a 200 day moving average of $36.31. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $43.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The stock has a market cap of $12.54 billion, a P/E ratio of 26.46, a PEG ratio of 0.32 and a beta of 1.16.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the previous year, the business earned $0.97 EPS. Ally Financial's revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current 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 issued 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 2.9%. Ally Financial's payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ALLY shares. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. Truist Financial lifted their price objective on Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Citigroup reaffirmed a "buy" rating and issued a $59.00 price objective (up previously from $55.00) on shares of Ally Financial in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $42.80.

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.

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