Tokio Marine Asset Management Co. Ltd. Has $1.08 Million Position in Ally Financial Inc (ALLY)

Tokio Marine Asset Management Co. Ltd. cut its stake in Ally Financial Inc (NYSE:ALLY) by 59.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,900 shares of the financial services provider’s stock after selling 53,300 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Ally Financial were worth $1,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mraz Amerine & Associates Inc. purchased a new stake in Ally Financial in the fourth quarter worth $201,000. Stephens Inc. AR purchased a new stake in Ally Financial in the fourth quarter worth $1,989,000. Meeder Asset Management Inc. purchased a new stake in Ally Financial in the fourth quarter worth $140,000. Public Employees Retirement Association of Colorado increased its stake in shares of Ally Financial by 3.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 84,883 shares of the financial services provider’s stock valued at $2,475,000 after buying an additional 2,583 shares during the period. Finally, Gator Capital Management LLC purchased a new position in shares of Ally Financial during the fourth quarter valued at $3,444,000.

Ally Financial Inc (NYSE:ALLY) opened at $27.21 on Friday. Ally Financial Inc has a 52 week low of $18.11 and a 52 week high of $31.29. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $12,412.33, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.75 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. equities research analysts expect that Ally Financial Inc will post 2.98 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, January 31st. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s payout ratio is 25.37%.

ALLY has been the topic of several research reports. Barclays raised their price target on Ally Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a research note 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 research note 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 research note 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 research note on Thursday, December 7th. Finally, ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Ally Financial presently has an average rating of “Buy” and a consensus price target of $32.56.

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About Ally Financial

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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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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