Teachers Retirement System of The State of Kentucky Increases Position in Ally Financial Inc. (NYSE:ALLY)

Teachers Retirement System of The State of Kentucky lifted its position in Ally Financial Inc. (NYSE:ALLY) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 86,150 shares of the financial services provider’s stock after purchasing an additional 5,550 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ally Financial were worth $3,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALLY. Northwest Financial Advisors purchased a new position in Ally Financial during the fourth quarter valued at $31,000. Quarry LP grew its stake in Ally Financial by 165.7% during the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 598 shares in the last quarter. Friedenthal Financial purchased a new position in Ally Financial during the fourth quarter valued at $50,000. Rakuten Securities Inc. purchased a new position in Ally Financial during the fourth quarter valued at $67,000. Finally, GAMMA Investing LLC purchased a new position in Ally Financial during the fourth quarter valued at $78,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Price Performance

Ally Financial stock opened at $40.05 on Thursday. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $41.77. The firm has a 50-day moving average of $38.97 and a two-hundred day moving average of $36.98.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.12. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, research analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a $0.30 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 3.00%. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

Analyst Ratings Changes

Several research firms recently weighed in on ALLY. Evercore ISI raised their target price on shares of Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. BMO Capital Markets increased their price objective on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. TD Cowen increased their price objective on shares of Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, April 19th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Finally, BTIG Research began coverage on shares of Ally Financial in a research report on Friday, June 7th. They set a “buy” rating and a $51.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.00.

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.