Korea Investment CORP Has $6.61 Million Holdings in Ally Financial Inc. (NYSE:ALLY)

Korea Investment CORP trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 21.5% in the fourth quarter, HoldingsChannel reports. The firm owned 183,575 shares of the financial services provider’s stock after selling 50,400 shares during the period. Korea Investment CORP’s holdings in Ally Financial were worth $6,611,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in shares of Ally Financial by 233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after buying an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in 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 acquiring an additional 1,563,008 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in Ally Financial by 75.6% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock valued at $106,455,000 after acquiring an additional 1,272,853 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Ally Financial in the third quarter worth about $21,571,000. Finally, Amundi lifted its position in shares of Ally Financial by 81.0% during the fourth quarter. Amundi now owns 1,156,003 shares of the financial services provider’s stock worth $41,165,000 after purchasing an additional 517,388 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of research reports. Morgan Stanley raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Finally, BTIG Research downgraded shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.53.

Insider Transactions at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the purchase, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents 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 owned by insiders.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $36.51 on Tuesday. The stock’s fifty day simple moving average is $37.08 and its 200 day simple moving average is $36.40. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $11.21 billion, a PE ratio of 14.04, a PEG ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 12 month low of $31.95 and a 12 month high of $45.46.

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

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

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.