Graham Capital Management L.P. Takes $2.62 Million Position in Ally Financial Inc. $ALLY

Key Points

• Graham Capital Management L.P. has acquired 71,762 shares of Ally Financial Inc. in the first quarter, valued at approximately $2.6 million.
• Ally Financial's recent earnings report revealed an EPS of $0.99, surpassing estimates and indicating a 3.0% revenue growth compared to the previous year.
• Analysts maintain a mixed outlook on Ally Financial, with a consensus rating of “Hold” and an average price target of $42.80.

Graham Capital Management L.P. acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 71,762 shares of the financial services provider's stock, valued at approximately $2,617,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Ally Financial during the 1st quarter valued at about $25,000. Copia Wealth Management bought a new position in shares of Ally Financial during the 1st quarter valued at about $27,000. SVB Wealth LLC bought a new position in shares of Ally Financial during the 1st quarter valued at about $27,000. Private Trust Co. NA boosted its holdings in shares of Ally Financial by 125.7% during the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 509 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Ally Financial by 59.6% during the 1st 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 last quarter. Institutional investors own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. Truist Financial upped 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. Finally, Wells Fargo & Company upgraded shares of Ally Financial from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $37.00 to $45.00 in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.67.

Ally Financial Trading Up 1.7%

Shares of NYSE:ALLY traded up $0.69 during trading on Thursday, reaching $41.56. 1,909,488 shares of the company were exchanged, compared to its average volume of 3,824,720. The firm has a market capitalization of $12.79 billion, a PE ratio of 26.99, a P/E/G ratio of 0.32 and a beta of 1.14. The business's fifty day simple moving average is $39.37 and its 200-day simple moving average is $36.47. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $41.91. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results 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. The business had revenue of $2.08 billion for 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. On average, research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ally Financial's dividend payout ratio (DPR) is 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.