Hudson Bay Capital Management LP Invests $44.10 Million in Ally Financial Inc. $ALLY

Hudson Bay Capital Management LP bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,132,259 shares of the financial services provider’s stock, valued at approximately $44,101,000. Hudson Bay Capital Management LP owned about 0.37% of Ally Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Ally Financial in the 2nd quarter valued at approximately $95,897,000. Charles Schwab Investment Management Inc. grew its stake in shares of Ally Financial by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,384,980 shares of the financial services provider’s stock worth $92,895,000 after acquiring an additional 72,444 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Ally Financial by 19.8% during the second quarter. Sequoia Financial Advisors LLC now owns 7,029 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 1,163 shares during the period. Acadian Asset Management LLC raised its stake in Ally Financial by 535.4% during the 2nd quarter. Acadian Asset Management LLC now owns 933,988 shares of the financial services provider’s stock valued at $36,372,000 after purchasing an additional 786,985 shares during the last quarter. Finally, 111 Capital acquired a new position in Ally Financial in the 2nd quarter valued at approximately $490,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insiders Place Their Bets

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 100,203 shares in the company, valued at approximately $4,094,294.58. This represents a 22.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company raised Ally Financial from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $37.00 to $45.00 in a report on Tuesday, September 2nd. Evercore ISI lowered their price target on Ally Financial from $45.00 to $44.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Cowen upgraded shares of Ally Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 20th. Finally, Citigroup upped their target price on shares of Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.67.

Ally Financial Stock Down 1.3%

Shares of NYSE:ALLY opened at $45.22 on Friday. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $46.24. The firm has a market cap of $13.93 billion, a P/E ratio of 27.24, a P/E/G ratio of 0.31 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.31. The company’s 50-day moving average price is $40.27 and its two-hundred day moving average price is $39.53.

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

Ally Financial announced that its board has authorized a share buyback program on Wednesday, December 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 15.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, October 31st. Ally Financial’s dividend payout ratio (DPR) is presently 72.29%.

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.