Eisler Capital Management Ltd. Reduces Stock Position in Ally Financial Inc. $ALLY

Eisler Capital Management Ltd. lessened its stake in Ally Financial Inc. (NYSE:ALLY) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 568,244 shares of the financial services provider’s stock after selling 53,006 shares during the quarter. Ally Financial comprises about 0.1% of Eisler Capital Management Ltd.’s holdings, making the stock its 13th largest holding. Eisler Capital Management Ltd.’s holdings in Ally Financial were worth $22,144,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALLY. WPG Advisers LLC purchased a new stake in Ally Financial in the 1st quarter valued at $25,000. SVB Wealth LLC acquired a new position in shares of Ally Financial during the 1st quarter valued at about $27,000. Allworth Financial LP grew its holdings in shares of 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 purchasing an additional 597 shares during the period. Hantz Financial Services Inc. increased its position in Ally Financial by 662.0% during the second quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 715 shares during the last quarter. Finally, Westside Investment Management Inc. raised its stake in Ally Financial by 116.8% during the second quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 451 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Ally Financial in a research note on Wednesday. Cowen raised Ally Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 20th. Truist Financial lifted their target price on Ally Financial from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ally Financial from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of “Moderate Buy” and an average price target of $45.67.

Ally Financial Price Performance

ALLY stock opened at $38.49 on Friday. The business’s fifty day moving average price is $40.09 and its 200 day moving average price is $38.79. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $44.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $11.86 billion, a PE ratio of 23.19, a P/E/G ratio of 0.26 and a beta of 1.21.

Ally Financial (NYSE:ALLY) last released its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. The company had revenue of $2.06 billion during the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%. On average, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, October 31st. Ally Financial’s dividend payout ratio is presently 72.29%.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total value of $1,184,940.00. Following the completion of the transaction, the insider owned 100,203 shares of the company’s stock, valued at $4,094,294.58. This trade represents a 22.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by company insiders.

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.