Teachers Retirement System of The State of Kentucky Has $2.98 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Teachers Retirement System of The State of Kentucky reduced its holdings in Ally Financial Inc. (NYSE:ALLY) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 83,750 shares of the financial services provider’s stock after selling 2,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ally Financial were worth $2,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ALLY. Blue Trust Inc. increased its position in Ally Financial by 10.2% during the second quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 400 shares during the period. Sara Bay Financial grew its position in Ally Financial by 30.3% in the 2nd quarter. Sara Bay Financial now owns 24,176 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 5,615 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Ally Financial during the 2nd quarter worth about $285,000. Hobbs Group Advisors LLC acquired a new position in shares of Ally Financial during the second quarter valued at about $52,000. Finally, Fifth Third Bancorp lifted its stake in shares of Ally Financial by 1.2% in the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after buying an additional 278 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALLY has been the subject of a number of research reports. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Morgan Stanley decreased their price target on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Citigroup raised their price target 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 lowered their price objective on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.73.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $37.68 on Friday. The business has a fifty day moving average of $36.65 and a 200-day moving average of $38.58. The firm has a market cap of $11.48 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a twelve month low of $31.77 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.18%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio is 48.00%.

Ally Financial 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.