Ally Financial (ALLY)

• Sector: Financials
• Industry: State Commercial Banks

Market Cap: $12.1B

About: Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.

Employees: 11,100

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

39% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 66

14% more repeat investments, than reductions

Existing positions increased: 208 | Existing positions reduced: 183

5% more funds holding

Funds holding: 540 [Q1] → 566 (+26) [Q2]

0.98% less ownership

Funds ownership: 89.73% [Q1] → 88.75% (-0.98%) [Q2]

3% less capital invested

Capital invested by funds: $11.1B [Q1] → $10.7B (-$342M) [Q2]

8% less call options, than puts

Call options by funds: $182M | Put options by funds: $197M

25% less funds holding in top 10

Funds holding in top 10: 16 [Q1] → 12 (-4) [Q2]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $37 6% downside
• Avg. target: $46 17% upside
• High target: $50 26% upside

9 analyst ratings

• positive: 5 56%
• neutral: 3 33%
• negative: 1 11%

Morgan Stanley Betsy Graseck 51% 1-year accuracy 27 / 53 met price target	24% upside $49	Overweight Maintained	18 Jul 2024
Wells Fargo Donald Fandetti 79% 1-year accuracy 15 / 19 met price target	6% downside $37	Underweight Maintained	18 Jul 2024
Barclays Jason Goldberg 64% 1-year accuracy 14 / 22 met price target	11% upside $44	Equal-Weight Maintained	18 Jul 2024
RBC Capital Jon Arfstrom 78% 1-year accuracy 40 / 51 met price target	24% upside $49	Outperform Maintained	18 Jul 2024
JP Morgan Richard Shane 63% 1-year accuracy 25 / 40 met price target	14% upside $45	Neutral Upgraded	8 Jul 2024