Capitolis Liquid Global Markets LLC Makes New Investment in Ally Financial Inc. $ALLY

Capitolis Liquid Global Markets LLC purchased a new position in Ally Financial Inc. (NYSE:ALLY) in the third quarter, HoldingsChannel reports. The firm purchased 111,600 shares of the financial services provider’s stock, valued at approximately $4,375,000.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in Ally Financial during the second quarter worth approximately $95,897,000. Wellington Management Group LLP boosted its stake in Ally Financial by 19.6% during the 3rd quarter. Wellington Management Group LLP now owns 11,938,680 shares of the financial services provider’s stock valued at $467,996,000 after purchasing an additional 1,958,201 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Ally Financial by 39.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,400,560 shares of the financial services provider’s stock valued at $210,352,000 after purchasing an additional 1,523,425 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Ally Financial during the 2nd quarter valued at $51,661,000. Finally, American Century Companies Inc. increased its position in shares of Ally Financial by 196.2% during the 2nd quarter. American Century Companies Inc. now owns 1,720,656 shares of the financial services provider’s stock valued at $67,020,000 after purchasing an additional 1,139,703 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 11,566 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were acquired at an average price of $43.17 per share, for a total transaction of $499,304.22. Following the completion of the acquisition, the chief financial officer directly owned 225,336 shares of the company’s stock, valued at $9,727,755.12. The trade was a 5.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rhodes purchased 23,800 shares of Ally Financial stock in a transaction that occurred on Friday, January 23rd. The stock was purchased at an average price of $41.68 per share, with a total value of $991,984.00. Following the transaction, the chief executive officer owned 49,434 shares in the company, valued at $2,060,409.12. This represents a 92.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Ally Financial Stock Down 1.9%

Shares of Ally Financial stock opened at $36.16 on Monday. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $47.27. The firm has a market capitalization of $11.18 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.18 and a beta of 1.19. 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’s fifty day moving average is $41.80 and its 200-day moving average is $41.61.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. Ally Financial had a return on equity of 10.40% and a net margin of 10.77%.Ally Financial’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. Equities analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial announced that its Board of Directors has approved a stock buyback program on Wednesday, December 10th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 15.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, February 2nd. Ally Financial’s dividend payout ratio (DPR) is presently 51.06%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ALLY shares. Royal Bank Of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Ally Financial in a report on Monday, January 12th. Barclays boosted their price target on shares of Ally Financial from $44.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. UBS Group set a $48.00 price target on shares of Ally Financial in a report on Monday, January 12th. Wells Fargo & Company upgraded shares of Ally Financial from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 17th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Ally Financial in a research note on Thursday, January 8th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Ally Financial has a consensus rating of “Moderate Buy” and a consensus price target of $50.31.

Ally Financial Company Profile

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.