Interval Partners LP Sells 118,859 Shares of Ally Financial Inc. $ALLY

Key Points

• Interval Partners LP has reduced its stake in Ally Financial Inc. by 49.2%, selling 118,859 shares in the first quarter, leaving it with 122,620 shares.
• Analyst ratings for Ally Financial have improved, with firms like Citigroup and JPMorgan Chase raising their price targets, leading to an average rating of "Moderate Buy" for the stock.
• Ally Financial reported earnings of $0.99 per share, exceeding expectations, along with a recent declaration of a quarterly dividend of $0.30 per share.

Interval Partners LP reduced its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 49.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 122,620 shares of the financial services provider's stock after selling 118,859 shares during the period. Interval Partners LP's holdings in Ally Financial were worth $4,472,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ALLY. WPG Advisers LLC acquired a new stake in Ally Financial in the 1st quarter valued at about $25,000. Copia Wealth Management bought a new position in Ally Financial in the first quarter valued at approximately $27,000. SVB Wealth LLC acquired a new stake in Ally Financial in the first quarter valued at approximately $27,000. Private Trust Co. NA boosted its position in Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock valued at $33,000 after buying an additional 509 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after buying an additional 377 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Price Performance

Ally Financial stock traded up $0.37 during midday trading on Thursday, reaching $41.48. 397,789 shares of the stock were exchanged, compared to its average volume of 3,776,607. The company's fifty day moving average is $39.50 and its 200-day moving average is $36.54. The firm has a market cap of $12.77 billion, a PE ratio of 26.92, a PEG ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $42.46. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY - Get Free Report) last issued 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. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. Ally Financial's revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. On average, sell-side analysts forecast 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 $0.30 dividend. 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 presently 77.92%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and set a $47.00 target price (up from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. Truist Financial boosted their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Citigroup reissued a "buy" rating and set a $59.00 target price (up from $55.00) on shares of Ally Financial in a research report on Wednesday, July 2nd. Finally, BTIG Research raised shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Nine 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 presently has an average rating of "Moderate Buy" and a consensus price target of $43.67.

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.