Capitolis Liquid Global Markets LLC Invests $4.38 Million in Ally Financial Inc. $ALLY

Capitolis Liquid Global Markets LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 111,600 shares of the financial services provider’s stock, valued at approximately $4,375,000.

Several other large investors have also modified their holdings of ALLY. Allworth Financial LP increased its holdings in Ally Financial by 385.2% in the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after buying an additional 597 shares during the last quarter. Mather Group LLC. bought a new position in Ally Financial during the 3rd quarter worth approximately $31,000. MAI Capital Management grew its position in shares of Ally Financial by 45.1% in the 2nd quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 303 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Ally Financial by 98.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 552 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Ally Financial by 33.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,234 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ALLY shares. Weiss Ratings lowered Ally Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Truist Financial lowered their target price on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, January 26th. The Goldman Sachs Group reissued a “neutral” rating and set a $55.00 target price on shares of Ally Financial in a report on Tuesday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Ally Financial from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, UBS Group set a $48.00 price target on shares of Ally Financial in a report on Monday, January 12th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Ally Financial currently has an average rating of “Moderate Buy” and a consensus price target of $50.31.

Ally Financial Trading Down 1.9%

Shares of NYSE:ALLY opened at $36.16 on Monday. The company has a market cap of $11.18 billion, a PE ratio of 15.39, a P/E/G ratio of 0.18 and a beta of 1.19. The company’s 50-day moving average price is $41.80 and its 200 day moving average price is $41.61. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $47.27. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30.

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

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd. Ally Financial’s dividend payout ratio is 51.06%.

Ally Financial announced that its board has authorized a stock repurchase program on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 15.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

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

About Ally Financial

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.