303,175 Shares in Ally Financial Inc. $ALLY Acquired by Kodai Capital Management LP

Key Points

• Kodai Capital Management LP has acquired 303,175 shares of Ally Financial Inc., valued at approximately $11 million, reflecting a growing institutional interest in the financial services provider.
• Ally Financial's recent quarterly earnings showed an earnings per share (EPS) of $0.99, surpassing analyst expectations, while its revenue increased by 3.0% year-over-year.
• Analysts are optimistic about Ally Financial, with several raising their target prices, leading to a consensus target price of $42.80 and a majority rating the stock as either Buy or Hold.

Kodai Capital Management LP purchased a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 303,175 shares of the financial services provider's stock, valued at approximately $11,057,000. Kodai Capital Management LP owned approximately 0.10% of Ally Financial at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in Ally Financial in the first quarter worth about $25,000. Copia Wealth Management bought a new position in Ally Financial in the first quarter worth about $27,000. SVB Wealth LLC bought a new position in Ally Financial in the first quarter worth about $27,000. Private Trust Co. NA raised its stake 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 worth $33,000 after buying an additional 509 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake 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 worth $37,000 after buying an additional 377 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price target 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 report on Friday, May 23rd. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Ally Financial has a consensus rating of "Moderate Buy" and an average price target of $43.67.

Ally Financial Price Performance

NYSE ALLY traded down $0.09 on Wednesday, reaching $40.67. The company had a trading volume of 585,630 shares, compared to its average volume of 3,827,708. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $12.52 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The firm's 50 day moving average price is $39.26 and its 200 day moving average price is $36.42. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $42.41.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data 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. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the company posted $0.97 EPS. The business's revenue was up 3.0% on a year-over-year basis. As a group, equities analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid 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 3.0%. Ally Financial's payout ratio is currently 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.