GSA Capital Partners LLP Increases Stock Position in Ally Financial Inc. (NYSE:ALLY)

GSA Capital Partners LLP lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 144.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,226 shares of the financial services provider’s stock after buying an additional 11,377 shares during the quarter. GSA Capital Partners LLP’s holdings in Ally Financial were worth $780,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ALLY. Scout Investments Inc. purchased a new stake in shares of Ally Financial during the 4th quarter valued at approximately $63,080,000. Norges Bank purchased a new stake in shares of Ally Financial during the 4th quarter valued at approximately $62,869,000. Jennison Associates LLC purchased a new stake in shares of Ally Financial during the 1st quarter valued at approximately $52,252,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Ally Financial during the 4th quarter valued at approximately $27,975,000. Finally, Donald Smith & CO. Inc. lifted its stake in shares of Ally Financial by 22.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,752,830 shares of the financial services provider’s stock valued at $96,129,000 after buying an additional 495,584 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on ALLY shares. BMO Capital Markets upped their target price on shares of Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Evercore ISI upped their target price on shares of Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Keefe, Bruyette & Woods upped their target price on shares of Ally Financial from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Finally, StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $41.89.

Ally Financial Trading Up 2.5 %

NYSE:ALLY opened at $42.30 on Friday. The company has a 50-day moving average price of $39.57 and a 200-day moving average price of $37.84. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $42.64. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50. The stock has a market cap of $12.86 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 0.49 and a beta of 1.41.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the business earned $0.82 EPS. Ally Financial’s revenue was down 5.4% compared to the same quarter last year. Equities analysts predict that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.30 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.84%. Ally Financial’s dividend payout ratio is presently 48.98%.

Ally Financial Company Profile

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.