Asset Management One Co. Ltd. Buys 41,315 Shares of Ally Financial Inc. (NYSE:ALLY)

Asset Management One Co. Ltd. raised its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 46.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,693 shares of the financial services provider's stock after purchasing an additional 41,315 shares during the period. Asset Management One Co. Ltd.'s holdings in Ally Financial were worth $4,651,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ALLY. Price T Rowe Associates Inc. MD raised its stake in shares of Ally Financial by 245.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider's stock valued at $24,687,000 after acquiring an additional 432,350 shares in the last quarter. OLD National Bancorp IN grew its holdings in Ally Financial by 3.8% in the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider's stock valued at $34,933,000 after buying an additional 32,478 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Ally Financial by 15.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider's stock valued at $14,988,000 after acquiring an additional 49,539 shares during the period. Fulton Bank N.A. acquired a new position in Ally Financial during the 2nd quarter valued at $689,000. Finally, Duality Advisers LP bought a new stake in Ally Financial in the 1st quarter valued at $1,000,000. Institutional investors own 88.76% of the company's stock.

Analyst Upgrades and Downgrades

ALLY has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their target price on Ally Financial from $50.00 to $44.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. StockNews.com upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Saturday, October 19th. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, October 21st. Wells Fargo & Company lowered their target price on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a research note on Thursday, September 26th. Finally, Bank of America lowered their price objective on Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $40.38.

Ally Financial Stock Down 1.2 %

Shares of NYSE ALLY traded down $0.46 during mid-day trading on Friday, reaching $37.56. 2,714,223 shares of the company's stock were exchanged, compared to its average volume of 3,498,242. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $35.62 and a 200 day simple moving average of $38.84. Ally Financial Inc. has a twelve month low of $25.16 and a twelve month high of $45.46. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.41 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $0.83 earnings per share. Ally Financial's quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial's dividend payout ratio is currently 48.00%.

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.