Caxton Associates LP Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Caxton Associates LP purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 19,164 shares of the financial services provider’s stock, valued at approximately $760,000.

Several other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp raised its position in Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after buying an additional 278 shares during the last quarter. Trust Co. of Toledo NA OH raised its holdings in shares of Ally Financial by 1.7% during the first quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 287 shares during the last quarter. Signet Financial Management LLC lifted its position in Ally Financial by 4.8% during the first quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 330 shares during the period. Blue Trust Inc. boosted its holdings in Ally Financial by 10.2% in the second quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Ally Financial by 39.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 463 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

ALLY opened at $34.80 on Friday. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.37 and a beta of 1.40. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $45.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. The company has a fifty day moving average of $39.96 and a 200 day moving average of $39.58.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.15 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.45%. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target on Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Barclays dropped their target price on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 12th. Wells Fargo & Company reduced their price target on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Thursday. Royal Bank of Canada dropped their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Finally, BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.76.

Ally Financial 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.