621,250 Shares in Ally Financial Inc. $ALLY Purchased by Eisler Capital Management Ltd.

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 Ally Financial Inc. (NYSE:ALLY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 621,250 shares of the financial services provider's stock, valued at approximately $22,651,000. Ally Financial comprises about 0.2% of Eisler Capital Management Ltd.'s investment portfolio, making the stock its 14th largest holding. Eisler Capital Management Ltd. owned 0.20% of Ally Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ieq Capital LLC purchased a new position in Ally Financial in the first quarter valued at about $1,416,000. Gabelli Funds LLC boosted its holdings in Ally Financial by 3.5% in the first quarter. Gabelli Funds LLC now owns 29,685 shares of the financial services provider's stock worth $1,083,000 after acquiring an additional 1,000 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in Ally Financial in the first quarter worth about $727,000. Ceredex Value Advisors LLC acquired a new stake in Ally Financial in the first quarter worth about $12,708,000. Finally, Causeway Capital Management LLC boosted its holdings in Ally Financial by 53.9% in the first 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 in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $47.00 target price (up previously from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. Citigroup reaffirmed a "buy" rating and set a $59.00 target price (up previously from $55.00) on shares of Ally Financial in a report on Wednesday, July 2nd. Truist Financial lifted their target price on Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $42.80.

Ally Financial Stock Performance

ALLY stock traded down $0.00 during trading on Monday, hitting $41.05. 2,233,072 shares of the company traded hands, compared to its average volume of 2,528,210. The stock's 50-day simple moving average is $39.13 and its 200 day simple moving average is $36.37. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $12.63 billion, a PE ratio of 26.65, a P/E/G ratio of 0.32 and a beta of 1.13. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $43.22.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 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 business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, August 1st. Ally Financial's payout ratio is currently 77.92%.

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.