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

ANTIPODES PARTNERS Ltd lifted its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 75.6% during the fourth quarter, according to its most recent disclosure with the Securities and 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 quarter. Ally Financial makes up 3.7% of ANTIPODES PARTNERS Ltd's portfolio, making the stock its 8th biggest holding. ANTIPODES PARTNERS Ltd owned 0.97% of Ally Financial worth $106,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ALLY. Venturi Wealth Management LLC increased its position in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after buying an additional 577 shares during the last quarter. Principal Securities Inc. increased its position in Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. increased its position in Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after buying an additional 1,061 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Ally Financial during the third quarter valued at about $63,000. 88.76% of the stock is owned by institutional investors and hedge funds.

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Ally Financial Price Performance

ALLY traded up $1.16 during midday trading on Friday, reaching $34.15. 3,095,712 shares of the company's stock were exchanged, compared to its average volume of 3,137,513. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The business has a 50-day simple moving average of $36.99 and a two-hundred day simple moving average of $36.65.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. As a group, research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALLY. Wolfe Research cut shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. Barclays upped their price target on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price target on shares of Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Citigroup upped their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Ally Financial currently has a consensus rating of "Hold" and an average price target of $43.76.

Insider Transactions at Ally Financial

In other news, CEO Michael George Rhodes acquired 25,634 shares of the company's stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares of the company's stock, valued at $8,002,235.25. This represents a 10.39 % 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.

About Ally Financial

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.