Ally Financial Inc. (NYSE:ALLY) Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 183,575 shares of the financial services provider's stock after selling 50,400 shares during the period. Korea Investment CORP owned 0.06% of Ally Financial worth $6,611,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after acquiring an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ally Financial during the 4th quarter worth approximately $43,000. UMB Bank n.a. lifted its position in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,061 shares during the last quarter. Harbour Investments Inc. raised its stake in Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 595 shares during the period. Finally, Van ECK Associates Corp bought a new position in Ally Financial in the 4th quarter worth approximately $85,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Price Performance

ALLY traded down $0.84 on Friday, reaching $32.16. 9,357,136 shares of the company's stock were exchanged, compared to its average volume of 3,458,242. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The stock's fifty day moving average price is $36.72 and its 200-day moving average price is $36.42. The stock has a market cap of $9.88 billion, a PE ratio of 12.37, a P/E/G ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a twelve month low of $30.06 and a twelve month high of $45.46.

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Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share 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 analysts' expectations of $2.02 billion. During the same quarter last year, the company posted $0.45 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's payout ratio is currently 46.15%.

Insider Buying and Selling at Ally Financial

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a research report on Tuesday, March 25th. Royal Bank of Canada boosted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted 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. Finally, Barclays upped their target price on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Two research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $42.53.

Ally Financial 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.