ANTIPODES PARTNERS Ltd lowered its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,477,112 shares of the financial services provider's stock after selling 95,242 shares during the quarter. Ally Financial accounts for approximately 2.4% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 16th largest position. ANTIPODES PARTNERS Ltd owned approximately 0.80% of Ally Financial worth $112,552,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of ALLY. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ally Financial in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. raised its stake in shares of Ally Financial by 43.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider's stock worth $41,000 after purchasing an additional 276 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Ally Financial by 67.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider's stock worth $42,000 after purchasing an additional 430 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Ally Financial by 98.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider's stock worth $44,000 after purchasing an additional 552 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Ally Financial by 53.5% during the 3rd quarter. Allworth Financial LP now owns 1,154 shares of the financial services provider's stock worth $45,000 after purchasing an additional 402 shares in the last quarter. Institutional investors own 88.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Ally Financial from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their price target on Ally Financial from $48.00 to $46.00 and set an "overweight" rating for the company in a research note on Thursday, April 9th. The Goldman Sachs Group raised their price target on Ally Financial from $50.00 to $56.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Bank of America raised their price target on Ally Financial from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, April 10th. Finally, Morgan Stanley raised their price target on Ally Financial from $53.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.14.
View Our Latest Report on ALLY
Ally Financial Trading Down 0.9%
ALLY stock opened at $42.00 on Friday. The company has a market cap of $12.87 billion, a P/E ratio of 10.24, a PEG ratio of 0.26 and a beta of 1.12. Ally Financial Inc. has a twelve month low of $32.50 and a twelve month high of $47.27. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The business has a fifty day moving average of $41.06 and a 200-day moving average of $41.83.
Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm's quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. As a group, equities research analysts expect that Ally Financial Inc. will post 5.3 EPS for the current year.
Ally Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ally Financial's payout ratio is presently 29.27%.
Insider Buying and Selling at Ally Financial
In other news, insider Douglas R. Timmerman sold 39,675 shares of the business's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the sale, the insider owned 477,627 shares in the company, valued at $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by insiders.
About Ally Financial
(
Free Report)
Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.
In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.
Further Reading
Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ally Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ally Financial wasn't on the list.
While Ally Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
