ANTIPODES PARTNERS Ltd Has $106.46 Million Stake in Ally Financial Inc. (NYSE:ALLY)

ANTIPODES PARTNERS Ltd grew its position in Ally Financial Inc. (NYSE:ALLY) by 75.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,956,037 shares of the financial services provider’s stock after buying an additional 1,272,853 shares during the period. Ally Financial comprises about 3.7% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 8th biggest holding. ANTIPODES PARTNERS Ltd’s holdings in Ally Financial were worth $106,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Ally Financial by 233.4% during 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 buying an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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 buying an additional 1,563,008 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Ally Financial during the 3rd quarter worth about $21,571,000. 140 Summer Partners LP bought a new stake in shares of Ally Financial during the 3rd quarter worth about $19,140,000. Finally, Amundi boosted its holdings in shares of Ally Financial by 81.0% during the 4th quarter. Amundi now owns 1,156,003 shares of the financial services provider’s stock worth $41,165,000 after buying an additional 517,388 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $33.93 on Thursday. The firm has a 50 day moving average of $37.08 and a 200-day moving average of $36.79. The stock has a market capitalization of $10.42 billion, a PE ratio of 13.05, a PEG ratio of 0.32 and a beta of 1.40. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 12 month low of $31.95 and a 12 month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. On average, equities research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 3.54%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Activity at Ally Financial

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays lifted their target price on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Morgan Stanley lifted their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Citigroup lifted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.76.

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.