Graham Capital Management L.P. Buys Shares of 71,762 Ally Financial Inc. $ALLY

Graham Capital Management L.P. bought a new stake in shares of Ally Financial Inc. (NYSE:ALLY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,762 shares of the financial services provider’s stock, valued at approximately $2,617,000.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Ally Financial during the first quarter valued at approximately $1,998,000. Teacher Retirement System of Texas acquired a new position in shares of Ally Financial during the first quarter valued at approximately $1,462,000. Bessemer Group Inc. raised its holdings in shares of Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 377 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Ally Financial by 56.3% during the first quarter. Janney Montgomery Scott LLC now owns 67,630 shares of the financial services provider’s stock valued at $2,466,000 after acquiring an additional 24,372 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Ally Financial by 40.6% in the first quarter. GAMMA Investing LLC now owns 3,295 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 952 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Price Performance

ALLY stock opened at $41.05 on Monday. The business has a fifty day moving average of $39.13 and a two-hundred day moving average of $36.37. 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 cap of $12.63 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 0.32 and a beta of 1.13. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $43.22.

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.21. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, research 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 announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 annualized dividend and a yield of 2.9%. Ally Financial’s dividend payout ratio (DPR) is 77.92%.

Analysts Set New Price Targets

Several research firms recently commented on ALLY. Citigroup reaffirmed a “buy” rating and issued a $59.00 price target (up previously from $55.00) on shares of Ally Financial in a report on Wednesday, July 2nd. Wall Street Zen raised Ally Financial from a “sell” rating to a “hold” rating in a report on Friday, May 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $47.00 price target (up previously from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. BTIG Research raised Ally Financial from a “sell” rating to a “neutral” rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ally Financial in a report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of “Hold” and an average target price of $42.80.

About Ally Financial

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.