Eisler Capital Management Ltd. Lowers Holdings in Ally Financial Inc. $ALLY

Eisler Capital Management Ltd. reduced its stake in Ally Financial Inc. by 8.5% during the 2nd quarter, now owning 568,244 shares worth $22,144,000. Ally Financial's stock is 0.1% of Eisler's portfolio. Other institutional investors also modified their holdings. Ally Financial's stock opened at $38.49 with a market cap of $11.86 billion. Analysts have mixed ratings, with some upgrading to 'buy' and others downgrading to 'hold'. The company reported $0.99 EPS for the last quarter and paid a $0.30 quarterly dividend.

Eisler Capital Management Ltd. reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 8.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 568,244 shares of the financial services provider's stock after selling 53,006 shares during the period. Ally Financial makes up approximately 0.1% of Eisler Capital Management Ltd.'s portfolio, making the stock its 13th biggest holding. Eisler Capital Management Ltd. owned 0.18% of Ally Financial worth $22,144,000 as of its most recent filing with the SEC.

Ally Financial: The Tugboat of Auto Finance Keeps Gaining Steam

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fulton Bank N.A. grew its holdings in Ally Financial by 1.3% during the second quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider's stock worth $775,000 after acquiring an additional 260 shares during the period. Integrated Wealth Concepts LLC boosted its position in Ally Financial by 0.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider's stock worth $1,472,000 after purchasing an additional 300 shares in the last quarter. MAI Capital Management grew its stake in shares of Ally Financial by 45.1% during the 2nd quarter. MAI Capital Management now owns 975 shares of the financial services provider's stock worth $38,000 after purchasing an additional 303 shares during the period. Econ Financial Services Corp grew its stake in shares of Ally Financial by 0.5% during the 2nd quarter. Econ Financial Services Corp now owns 59,993 shares of the financial services provider's stock worth $2,337,000 after purchasing an additional 311 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Ally Financial by 0.3% during the 2nd quarter. Amalgamated Bank now owns 126,980 shares of the financial services provider's stock valued at $4,946,000 after purchasing an additional 344 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

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Ally Financial Stock Up 2.4%

ALLY opened at $38.49 on Friday. The company has a market cap of $11.86 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 0.26 and a beta of 1.21. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $44.83. The company has a 50-day moving average price of $40.09 and a 200 day moving average price of $38.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.31.

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Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%.The company had revenue of $2.06 billion for the quarter. Sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a $0.30 dividend. The ex-dividend date was Friday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. Ally Financial's dividend payout ratio (DPR) is presently 72.29%.

Analyst Upgrades and Downgrades

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A number of brokerages recently issued reports on ALLY. Wall Street Zen downgraded shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Sunday, November 9th. TD Cowen raised shares of Ally Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $43.00 to $50.00 in a research note on Monday, October 20th. Cowen upgraded Ally Financial from a "hold" rating to a "buy" rating in a research report on Monday, October 20th. Citigroup lifted their price target on Ally Financial from $59.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Finally, Truist Financial increased their price target on Ally Financial from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, October 20th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.67.

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Insiders Place Their Bets

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of Ally Financial stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the sale, the insider owned 100,203 shares of the company's stock, valued at $4,094,294.58. The trade was a 22.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company's stock.

Ally Financial Profile

(Free Report)

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.

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