Ally Financial Inc. (NYSE:ALLY) Holdings Raised by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,332 shares of the financial services provider’s stock after acquiring an additional 320 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Ally Financial were worth $552,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ALLY. Oak Thistle LLC purchased a new stake in shares of Ally Financial during the 4th quarter worth about $1,112,000. Point72 Asset Management L.P. bought a new position in Ally Financial during the third quarter valued at approximately $21,571,000. 140 Summer Partners LP acquired a new stake in Ally Financial in the third quarter valued at approximately $19,140,000. State Street Corp lifted its stake in Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after acquiring an additional 51,426 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in Ally Financial in the fourth quarter worth approximately $461,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Up 1.5 %

Shares of ALLY stock opened at $37.34 on Friday. The stock has a market cap of $11.47 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a fifty day moving average price of $37.08 and a 200 day moving average price of $36.34. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46.

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

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.21%. Ally Financial’s payout ratio is presently 46.15%.

Insider Buying and Selling

In other news, CFO Russell E. Hutchinson bought 19,100 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This trade represents a 10.39 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALLY. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their target price on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Truist Financial upped their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.53.

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.