ANTIPODES PARTNERS Ltd Grows Stake in Ally Financial Inc. (NYSE:ALLY)

ANTIPODES PARTNERS Ltd boosted its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 75.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,956,037 shares of the financial services provider's stock after acquiring an additional 1,272,853 shares during the period. Ally Financial comprises about 3.7% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 8th biggest holding. ANTIPODES PARTNERS Ltd owned about 0.97% of Ally Financial worth $106,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Oak Thistle LLC bought a new position in Ally Financial in the fourth quarter worth about $1,112,000. Point72 Asset Management L.P. acquired a new stake in shares of Ally Financial in the third quarter valued at approximately $21,571,000. State Street Corp increased its stake in shares of Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after purchasing an additional 51,426 shares during the period. 140 Summer Partners LP acquired a new stake in shares of Ally Financial in the third quarter valued at approximately $19,140,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Ally Financial in the third quarter valued at approximately $4,130,000. Institutional investors own 88.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ALLY shares. Barclays raised their price target on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on shares of Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. The Goldman Sachs Group raised their price target on shares of Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $43.76.

Remove Ads

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the firm's stock in a transaction on Friday, January 24th. The stock was bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the purchase, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of the firm's stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Ally Financial Price Performance

Ally Financial stock traded up $1.16 during mid-day trading on Friday, hitting $34.15. The company's stock had a trading volume of 3,095,712 shares, compared to its average volume of 3,137,513. The stock's fifty day moving average price is $36.99 and its two-hundred day moving average price is $36.65. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $10.49 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business posted $0.45 EPS. The company's revenue was up 3.6% on a year-over-year basis. Research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's dividend payout ratio is 46.15%.

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.