GSA Capital Partners LLP Invests $3.14 Million in Ally Financial Inc. $ALLY

Key Points

• GSA Capital Partners acquired 68,249 Ally Financial shares worth approximately $3.14 million during the second quarter. Institutional investors collectively own 88.76% of the company.
• Analysts remain broadly positive, with 14 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $53.64.
• Ally reported quarterly revenue of $2.28 billion, up 9.8% year over year, while EPS of $1.21 narrowly missed estimates. The company paid a quarterly dividend of $0.30 per share, representing a 2.7% yield.

GSA Capital Partners LLP acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 68,249 shares of the financial services provider's stock, valued at approximately $3,136,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in Ally Financial by 106.5% during the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider's stock worth $9,158,000 after buying an additional 129,497 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Ally Financial by 22.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 415 shares during the period. Empowered Funds LLC raised its position in shares of Ally Financial by 11.1% in the 1st quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider's stock valued at $470,000 after acquiring an additional 1,292 shares during the period. Focus Partners Wealth bought a new position in Ally Financial during the 1st quarter worth approximately $259,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Ally Financial by 374.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider's stock worth $58,000 after acquiring an additional 1,166 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Analysts Set New Price Targets

ALLY has been the subject of several recent analyst reports. Weiss Ratings raised shares of Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Barclays lifted their price target on shares of Ally Financial from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Monday, April 20th. Morgan Stanley boosted their price target on shares of Ally Financial from $53.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, April 20th. Wells Fargo & Company upped their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, June 26th. Finally, Evercore reiterated an "outperform" rating and set a $54.00 target price on shares of Ally Financial in a report on Tuesday, April 21st. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.64.

Insider Activity

In related news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider owned 88,927 shares of the company's stock, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company's stock.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $44.89 on Friday. The firm has a market cap of $13.66 billion, a PE ratio of 10.59, a PEG ratio of 0.28 and a beta of 1.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The company has a fifty day moving average price of $44.82 and a 200 day moving average price of $42.61.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business earned $0.99 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts predict that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. Ally Financial's dividend payout ratio (DPR) is presently 28.30%.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.

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