Capstone Investment Advisors LLC Acquires New Shares in Ally Financial Inc. $ALLY

Capstone Investment Advisors LLC bought a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 26,207 shares of the financial services provider’s stock, valued at approximately $1,204,000.

Other large investors have also recently made changes to their positions in the company. Corient Private Wealth LP purchased a new position in shares of Ally Financial in the second quarter valued at $10,216,000. Parallax Volatility Advisers L.P. purchased a new position in shares of Ally Financial during the second quarter worth about $1,646,000. Philadelphia Investment Partners LLC purchased a new stake in Ally Financial in the second quarter valued at approximately $53,000. Azora Capital LP bought a new stake in Ally Financial during the second quarter valued at approximately $42,559,000. Finally, Bank of America Corp DE purchased a new position in Ally Financial in the second quarter worth $105,379,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Trading Up 0.6%

Shares of ALLY opened at $42.82 on Friday. The stock has a market capitalization of $13.02 billion, a P/E ratio of 10.10, a PEG ratio of 0.26 and a beta of 1.10. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $44.59 and a two-hundred day simple moving average of $42.64.

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

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, July 31st. Ally Financial’s payout ratio is currently 28.30%.

Insider Buying and Selling

In related news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the sale, the insider owned 88,927 shares of the company’s stock, valued at $3,933,241.21. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings upgraded shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Bank of America upped their price objective on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Truist Financial reduced their target price on shares of Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Wells Fargo & Company lifted their target price on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Finally, Citigroup cut their price target on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ally Financial has an average rating of “Moderate Buy” and an average price target of $53.64.

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.