GSA Capital Partners LLP Buys New Shares in Ally Financial Inc. $ALLY

GSA Capital Partners LLP purchased a new stake in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 68,249 shares of the financial services provider’s stock, valued at approximately $3,136,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ally Financial in the 4th quarter valued at about $29,000. Fideuram Asset Management Ireland dac bought a new stake in Ally Financial during the fourth quarter worth about $35,000. Safe Harbor Fiduciary LLC bought a new stake in Ally Financial during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd bought a new stake in Ally Financial during the fourth quarter worth about $38,000. Finally, SJS Investment Consulting Inc. boosted its position in Ally Financial by 30.8% during the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 240 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Up 0.7%

ALLY opened at $44.89 on Friday. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The stock’s fifty day simple moving average is $44.82 and its 200 day simple moving average is $42.61. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market cap of $13.66 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts expect that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is currently 28.30%.

Analysts Set New Price Targets

A number of research firms have weighed in on ALLY. Royal Bank Of Canada raised their price target on Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Morgan Stanley increased their price objective on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Weiss Ratings raised shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company raised their target price on shares of Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, Truist Financial lowered their price objective on shares of Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.64.

Insider Activity

In other news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total transaction of $221,150.00. Following the completion of the sale, the insider owned 88,927 shares in the company, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.