Ally Financial Inc (ALLY) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,628 shares of the financial services provider’s stock after selling 7,995 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Ally Financial were worth $1,688,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new stake in shares of Ally Financial during the fourth quarter worth about $132,000. Meeder Asset Management Inc. bought a new stake in Ally Financial in the fourth quarter valued at approximately $140,000. Global Trust Asset Management LLC bought a new stake in Ally Financial in the fourth quarter valued at approximately $163,000. Toronto Dominion Bank boosted its holdings in Ally Financial by 23.0% in the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Ally Financial in the fourth quarter valued at approximately $178,000.
Ally Financial Inc (ALLY) opened at $27.57 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial Inc has a 12-month low of $18.11 and a 12-month high of $31.29. The firm has a market capitalization of $12,049.58, a P/E ratio of 11.44, a PEG ratio of 0.72 and a beta of 1.39.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.89%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, January 31st. Ally Financial’s dividend payout ratio is presently 25.37%.
ALLY has been the topic of several analyst reports. Barclays upped their target price on Ally Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $35.00 price target on shares of Ally Financial in a report on Friday, December 22nd. Piper Jaffray Companies restated a “buy” rating and set a $32.00 price target on shares of Ally Financial in a report on Thursday, December 7th. Finally, ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.56.
Ally Financial Profile
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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