Corebridge Financial Inc. Has $11.19 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Corebridge Financial Inc. lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 310,744 shares of the financial services provider's stock after selling 13,956 shares during the quarter. Corebridge Financial Inc. owned about 0.10% of Ally Financial worth $11,190,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Ally Financial by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock worth $1,017,360,000 after purchasing an additional 111,231 shares during the period. State Street Corp boosted its holdings in shares of Ally Financial by 0.5% during the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock worth $380,981,000 after buying an additional 51,426 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in Ally Financial by 75.6% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock valued at $106,455,000 after buying an additional 1,272,853 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after acquiring an additional 1,701,264 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock worth $81,260,000 after acquiring an additional 1,563,008 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALLY. StockNews.com lowered Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price target on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Barclays raised their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Wolfe Research lowered shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Ally Financial has a consensus rating of "Hold" and an average price target of $42.53.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of 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 position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Ally Financial Price Performance

NYSE:ALLY traded down $0.94 during trading hours on Monday, reaching $36.51. The company had a trading volume of 5,317,697 shares, compared to its average volume of 3,404,755. 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 50-day moving average of $37.08 and a two-hundred day moving average of $36.40. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The firm has a market capitalization of $11.21 billion, a PE ratio of 14.04, a PEG ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. 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. 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 3.29%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's payout ratio is 46.15%.

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.