38,839 Shares in Ally Financial Inc. $ALLY Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC has invested $1.42 million in Ally Financial, acquiring 38,839 shares of the company during the 1st quarter, signaling growing interest from institutional investors.
• Ally Financial recently reported earnings of $0.99 per share, surpassing analyst estimates, with a revenue of $2.08 billion for the quarter which reflects a 3.0% year-over-year increase.
• Analysts have upgraded their price targets for Ally Financial, with a consensus target now at $42.80, indicating positive outlooks from multiple firms on the stock's performance.

Ieq Capital LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,839 shares of the financial services provider's stock, valued at approximately $1,416,000.

Other large investors also recently bought and sold shares of the company. Copia Wealth Management acquired a new position in Ally Financial in the first quarter valued at $27,000. SVB Wealth LLC acquired a new stake in shares of Ally Financial during the first quarter worth about $27,000. Private Trust Co. NA boosted its stake in shares of Ally Financial by 125.7% during the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock worth $33,000 after buying an additional 509 shares during the period. Bessemer Group Inc. boosted its stake in shares of Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after buying an additional 377 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Ally Financial during the first quarter worth about $74,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Price Performance

Shares of ALLY stock traded down $0.20 during midday trading on Friday, reaching $41.37. 3,612,063 shares of the company traded hands, compared to its average volume of 2,299,456. The firm's 50 day simple moving average is $39.42 and its two-hundred day simple moving average is $36.47. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $42.46. 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 firm has a market cap of $12.73 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results 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 net margin of 7.64% and a return on equity of 9.48%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm earned $0.97 EPS. The company's revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Ally Financial Inc. will post 3.57 EPS 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, August 1st. Ally Financial's dividend payout ratio (DPR) is presently 77.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ALLY shares. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. 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 note on Wednesday, July 2nd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $47.00 target price (up previously from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.67.

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.