Ally Financial Inc. (NYSE:ALLY) Stock Position Lifted by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its position in Ally Financial Inc. (NYSE:ALLY) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,332 shares of the financial services provider’s stock after acquiring an additional 320 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Ally Financial were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Ally Financial by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 32,174 shares of the financial services provider’s stock valued at $1,145,000 after acquiring an additional 598 shares during the period. Intech Investment Management LLC boosted its position in Ally Financial by 50.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,001 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 5,387 shares during the period. Citigroup Inc. boosted its position in Ally Financial by 22.3% during the 3rd quarter. Citigroup Inc. now owns 242,602 shares of the financial services provider’s stock valued at $8,634,000 after purchasing an additional 44,314 shares during the period. Cerity Partners LLC increased its position in Ally Financial by 8.4% in the third quarter. Cerity Partners LLC now owns 16,488 shares of the financial services provider’s stock worth $587,000 after buying an additional 1,273 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in Ally Financial in the third quarter valued at $369,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Up 1.5 %

ALLY stock opened at $37.34 on Friday. The firm has a market cap of $11.47 billion, a PE ratio of 14.36, a P/E/G 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. 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 firm has a 50 day simple moving average of $37.08 and a 200 day simple moving average of $36.34.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

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

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities analysts have recently commented on ALLY shares. Jefferies Financial Group upped their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Truist Financial raised their price target on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Morgan Stanley raised their target price on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays boosted their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Ally Financial presently has a consensus rating of “Hold” and an average price target of $42.53.

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.