Maverick Capital Ltd. Boosts Stake in Ally Financial Inc. $ALLY

Key Points

• Maverick Capital Ltd. increased its stake in Ally Financial Inc. by 143.7% in Q1, acquiring an additional 15,229 shares for a total valuation of approximately $942,000.
• Ally Financial's latest quarterly earnings report showed an EPS of $0.99, surpassing analysts' expectations of $0.78, alongside a revenue of $2.08 billion.
• Recent ratings from analysts include a "buy" rating with a target price increase to $59.00 by Citigroup, reflecting positive sentiment in the market for Ally Financial's stock.

Maverick Capital Ltd. raised its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 143.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 25,826 shares of the financial services provider's stock after acquiring an additional 15,229 shares during the period. Maverick Capital Ltd.'s holdings in Ally Financial were worth $942,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Ally Financial by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,797,505 shares of the financial services provider's stock valued at $320,855,000 after acquiring an additional 134,113 shares during the period. Wellington Management Group LLP bought a new position in shares of Ally Financial in the first quarter valued at approximately $253,881,000. First Manhattan CO. LLC. lifted its holdings in shares of Ally Financial by 4.8% in the fourth quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider's stock valued at $153,752,000 after purchasing an additional 192,295 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ally Financial by 84.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after purchasing an additional 1,918,965 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of Ally Financial by 10.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 3,251,276 shares of the financial services provider's stock valued at $118,584,000 after purchasing an additional 295,239 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Performance

Shares of ALLY traded down $0.20 during mid-day trading on Friday, hitting $41.37. The stock had a trading volume of 3,612,063 shares, compared to its average volume of 2,299,456. The firm has a market cap of $12.73 billion, a P/E ratio of 26.86, a PEG ratio of 0.32 and a beta of 1.14. The business has a fifty day moving average price of $39.42 and a 200-day moving average price of $36.49. 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 Inc. has a 52 week low of $29.52 and a 52 week high of $42.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.21. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The business's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. On average, equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently disclosed 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. 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 payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BTIG Research upgraded Ally Financial from a "sell" rating to a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Citigroup reissued a "buy" rating and issued a $59.00 price objective (up previously from $55.00) on shares of Ally Financial in a research report on Wednesday, July 2nd. Morgan Stanley reissued an "overweight" rating and issued a $47.00 price objective (up previously from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock 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.