Ally Financial Inc. (NYSE:ALLY) Shares Purchased by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd increased its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,251,276 shares of the financial services provider's stock after purchasing an additional 295,239 shares during the quarter. Ally Financial accounts for approximately 3.7% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 11th largest holding. ANTIPODES PARTNERS Ltd owned 1.06% of Ally Financial worth $118,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALLY. Norges Bank acquired a new stake in shares of Ally Financial during the fourth quarter worth about $75,483,000. Jacobs Levy Equity Management Inc. lifted its holdings in Ally Financial by 84.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after acquiring an additional 1,918,965 shares during the period. Phoenix Financial Ltd. lifted its holdings in Ally Financial by 86.4% in the fourth quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock valued at $122,077,000 after acquiring an additional 1,571,027 shares during the period. Janus Henderson Group PLC lifted its holdings in Ally Financial by 6,226.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock valued at $49,285,000 after acquiring an additional 1,347,020 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Ally Financial by 41.4% in the fourth quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock valued at $124,535,000 after acquiring an additional 1,011,985 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America decreased their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. The Goldman Sachs Group boosted their price objective on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $37.00 to $41.00 in a research report on Monday, April 7th. BTIG Research upgraded Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $42.80.

Ally Financial Trading Up 0.4%

NYSE:ALLY traded up $0.16 during trading hours on Friday, hitting $38.54. The company had a trading volume of 2,691,746 shares, compared to its average volume of 3,354,050. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $37.60 and a 200 day moving average of $36.22. The company has a market cap of $11.84 billion, a P/E ratio of 25.02, a P/E/G ratio of 0.30 and a beta of 1.15. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. Sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, August 1st. Ally Financial's dividend payout ratio is presently 77.92%.

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the transaction, the insider directly owned 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company's stock.

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.