ANTIPODES PARTNERS Ltd Reduces Stock Position in Ally Financial Inc. $ALLY

ANTIPODES PARTNERS Ltd cut its position in Ally Financial Inc. (NYSE:ALLY) by 26.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,572,354 shares of the financial services provider’s stock after selling 928,269 shares during the period. Ally Financial makes up 2.3% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 20th largest position. ANTIPODES PARTNERS Ltd owned approximately 0.84% of Ally Financial worth $100,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Chung Wu Investment Group LLC grew its position in Ally Financial by 224.1% during the 3rd quarter. Chung Wu Investment Group LLC now owns 38,890 shares of the financial services provider’s stock worth $1,524,000 after purchasing an additional 26,890 shares during the period. Norges Bank purchased a new stake in shares of Ally Financial in the second quarter worth about $95,897,000. Charles Schwab Investment Management Inc. grew its holdings in Ally Financial by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,384,980 shares of the financial services provider’s stock worth $92,895,000 after acquiring an additional 72,444 shares during the period. Acadian Asset Management LLC raised its position in Ally Financial by 535.4% during the second quarter. Acadian Asset Management LLC now owns 933,988 shares of the financial services provider’s stock valued at $36,372,000 after acquiring an additional 786,985 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Ally Financial by 7.5% in the third quarter. Principal Financial Group Inc. now owns 674,471 shares of the financial services provider’s stock valued at $26,439,000 after acquiring an additional 47,184 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Up 0.4%

ALLY opened at $42.09 on Friday. The company has a market cap of $12.96 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.21 and a beta of 1.19. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $47.27. The company has a 50-day moving average price of $43.75 and a 200 day moving average price of $41.52. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. Ally Financial had a return on equity of 10.40% and a net margin of 10.77%.Ally Financial’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 EPS. Sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, February 2nd. Ally Financial’s dividend payout ratio is currently 51.06%.

Ally Financial announced that its board has initiated a share repurchase plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group set a $48.00 price objective on shares of Ally Financial in a research note on Monday, January 12th. JPMorgan Chase & Co. raised their price target on shares of Ally Financial from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Barclays upped their price objective on shares of Ally Financial from $44.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft raised their target price on Ally Financial from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Ally Financial in a report on Tuesday, January 6th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ally Financial has an average rating of “Moderate Buy” and an average target price of $50.31.

Insiders Place Their Bets

In other Ally Financial news, CFO Russell E. Hutchinson bought 11,566 shares of the stock in a transaction on Tuesday, January 27th. The shares were bought at an average price of $43.17 per share, with a total value of $499,304.22. Following the purchase, the chief financial officer directly owned 225,336 shares in the company, valued at $9,727,755.12. This trade represents a 5.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael George Rhodes bought 23,800 shares of Ally Financial stock in a transaction dated Friday, January 23rd. The stock was acquired at an average price of $41.68 per share, with a total value of $991,984.00. Following the completion of the transaction, the chief executive officer directly owned 49,434 shares of the company’s stock, valued at approximately $2,060,409.12. The trade was a 92.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.67% of the company’s stock.

About Ally Financial

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.