Mitsubishi UFJ Asset Management Co. Ltd. Purchases 31,274 Shares of Ally Financial Inc. (NYSE:ALLY)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,724 shares of the financial services provider's stock after buying an additional 31,274 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Ally Financial worth $7,662,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Oak Thistle LLC acquired a new position in Ally Financial during the fourth quarter valued at $1,112,000. Point72 Asset Management L.P. purchased a new position in Ally Financial during the 3rd quarter valued at about $21,571,000. State Street Corp increased its holdings in shares of Ally Financial by 0.5% in the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after purchasing an additional 51,426 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Ally Financial in the fourth quarter worth approximately $461,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after purchasing an additional 345,210 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

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Analyst Ratings Changes

ALLY has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. StockNews.com lowered Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Jefferies Financial Group boosted their target price on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Truist Financial dropped their target price on Ally Financial from $47.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Ally Financial currently has a consensus rating of "Hold" and a consensus target price of $42.53.

Ally Financial Price Performance

Shares of ALLY traded down $0.84 during mid-day trading on Friday, reaching $32.16. The company had a trading volume of 9,357,136 shares, compared to its average volume of 3,458,242. 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 company has a market capitalization of $9.88 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a twelve month low of $30.06 and a twelve month high of $45.46. The company's 50-day moving average is $36.72 and its 200-day moving average is $36.42.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.02 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The business's revenue was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

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.