TD Asset Management Inc. Grows Holdings in Ally Financial Inc (ALLY)

TD Asset Management Inc. raised its stake in shares of Ally Financial Inc (NYSE:ALLY) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 385,808 shares of the financial services provider’s stock after purchasing an additional 2,156 shares during the period. TD Asset Management Inc. owned 0.09% of Ally Financial worth $8,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALLY. Private Capital Group LLC lifted its holdings in shares of Ally Financial by 53.5% in the 4th quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 634 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Ally Financial by 3.4% in the 4th quarter. IFM Investors Pty Ltd now owns 27,442 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 899 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Ally Financial by 10.8% in the 4th quarter. First Mercantile Trust Co. now owns 12,270 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 1,200 shares during the last quarter. Gator Capital Management LLC lifted its holdings in shares of Ally Financial by 1.1% in the 4th quarter. Gator Capital Management LLC now owns 136,231 shares of the financial services provider’s stock valued at $3,087,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of Ally Financial by 58.1% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 2,261 shares during the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.

NYSE ALLY opened at $26.81 on Wednesday. The company has a market cap of $10.91 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.59 and a beta of 1.36. Ally Financial Inc has a 52-week low of $20.60 and a 52-week high of $29.02. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.18 and a current ratio of 1.18.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.10. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.53 billion. Ally Financial had a net margin of 21.76% and a return on equity of 10.87%. Ally Financial’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.70 earnings per share. On average, equities analysts predict that Ally Financial Inc will post 3.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.54%. This is an increase from Ally Financial’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, January 31st. Ally Financial’s dividend payout ratio (DPR) is 20.36%.

In other news, CAO David J. Debrunner sold 25,000 shares of Ally Financial stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $26.35, for a total transaction of $658,750.00. Following the completion of the sale, the chief accounting officer now directly owns 102,155 shares in the company, valued at $2,691,784.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael F. Steib acquired 2,000 shares of the stock in a transaction dated Monday, February 11th. The shares were bought at an average price of $26.47 per share, with a total value of $52,940.00. Following the completion of the purchase, the director now directly owns 29,027 shares of the company’s stock, valued at approximately $768,344.69. The disclosure for this purchase can be found here. 0.19% of the stock is owned by company insiders.

A number of brokerages recently commented on ALLY. ValuEngine downgraded shares of Ally Financial from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Piper Jaffray Companies set a $34.00 price target on shares of Ally Financial and gave the company a “buy” rating in a report on Monday, October 29th. Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 price target on shares of Ally Financial in a report on Monday, November 12th. BTIG Research began coverage on shares of Ally Financial in a report on Thursday, January 24th. Finally, JPMorgan Chase & Co. raised shares of Ally Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, December 20th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Ally Financial currently has an average rating of “Buy” and an average price target of $31.86.

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About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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

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