25,420 Shares in Ally Financial Inc. $ALLY Purchased by Caxton Associates LLP

Caxton Associates LLP acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,420 shares of the financial services provider’s stock, valued at approximately $927,000.

A number of other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in Ally Financial by 35.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,379,207 shares of the financial services provider’s stock worth $86,770,000 after acquiring an additional 616,247 shares during the period. NewEdge Advisors LLC boosted its position in Ally Financial by 22.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 415 shares during the period. Millennium Management LLC boosted its position in Ally Financial by 234.7% during the 1st quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock worth $136,838,000 after acquiring an additional 2,630,981 shares during the period. Integrated Wealth Concepts LLC boosted its position in Ally Financial by 0.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider’s stock worth $1,472,000 after acquiring an additional 300 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Ally Financial by 10.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,658,877 shares of the financial services provider’s stock worth $169,909,000 after acquiring an additional 456,698 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Stock Down 0.7%

Shares of Ally Financial stock opened at $41.12 on Thursday. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 0.32 and a beta of 1.14. 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. The stock has a 50-day simple moving average of $39.50 and a 200-day simple moving average of $36.54.

Ally Financial (NYSE:ALLY) last announced its quarterly 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. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company earned $0.97 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, August 1st. Ally Financial’s payout ratio is 77.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley restated an “overweight” rating and set a $47.00 price objective (up from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. Citigroup restated a “buy” rating and set a $59.00 price objective (up from $55.00) on shares of Ally Financial in a research report on Wednesday, July 2nd. BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a research 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. Finally, JPMorgan Chase & Co. lifted their price target on Ally Financial from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.67.

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.