Ally Financial Inc. (NYSE:ALLY) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in Ally Financial Inc. (NYSE:ALLY) by 11.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,147 shares of the financial services provider’s stock after acquiring an additional 968 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Ally Financial were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ALLY. Ancient Art L.P. acquired a new stake in shares of Ally Financial in the third quarter valued at $41,429,000. Bank of New York Mellon Corp lifted its holdings in shares of Ally Financial by 47.5% in the third quarter. Bank of New York Mellon Corp now owns 3,620,655 shares of the financial services provider’s stock valued at $96,599,000 after buying an additional 1,165,220 shares during the period. FMR LLC lifted its holdings in shares of Ally Financial by 47.1% in the third quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock valued at $88,484,000 after buying an additional 1,061,651 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Ally Financial by 4,867.7% in the third quarter. Principal Financial Group Inc. now owns 1,001,294 shares of the financial services provider’s stock valued at $26,715,000 after buying an additional 981,138 shares during the period. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Ally Financial in the fourth quarter valued at $27,975,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Friday, April 19th. TheStreet raised Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Morgan Stanley raised Ally Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $37.00 to $47.00 in a report on Thursday, February 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a report on Thursday, February 1st. Finally, Compass Point upped their target price on Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $38.47.

Ally Financial Stock Performance

Shares of ALLY stock opened at $39.30 on Monday. 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 fifty-two week low of $22.54 and a fifty-two week high of $41.56. The stock’s 50-day moving average is $38.04 and its two-hundred day moving average is $33.53. The firm has a market cap of $11.95 billion, a P/E ratio of 16.04, a PEG ratio of 0.57 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $0.82 EPS. The business’s revenue was down 5.4% compared to the same quarter last year. Analysts predict that Ally Financial Inc. will post 2.99 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date is Tuesday, April 30th. Ally Financial’s payout ratio is currently 48.98%.

Ally Financial Company 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.