Ally Financial Inc (ALLY) Holdings Raised by Nomura Asset Management Co. Ltd.

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Nomura Asset Management Co. Ltd. raised its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,876 shares of the financial services provider’s stock after acquiring an additional 2,538 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ally Financial were worth $1,901,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. PL Capital Advisors LLC raised its holdings in Ally Financial by 11.4% during the fourth quarter. PL Capital Advisors LLC now owns 167,431 shares of the financial services provider’s stock valued at $3,794,000 after acquiring an additional 17,200 shares during the period. PNC Financial Services Group Inc. raised its holdings in Ally Financial by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 93,613 shares of the financial services provider’s stock valued at $2,476,000 after acquiring an additional 2,733 shares during the period. Eaton Vance Management raised its holdings in Ally Financial by 33.4% during the third quarter. Eaton Vance Management now owns 1,476,914 shares of the financial services provider’s stock valued at $39,065,000 after acquiring an additional 369,824 shares during the period. Alliancebernstein L.P. raised its holdings in Ally Financial by 21.6% during the third quarter. Alliancebernstein L.P. now owns 617,404 shares of the financial services provider’s stock valued at $16,330,000 after acquiring an additional 109,811 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Ally Financial by 1.4% during the third quarter. Franklin Resources Inc. now owns 16,738,736 shares of the financial services provider’s stock valued at $442,757,000 after acquiring an additional 238,880 shares during the period. 97.11% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Jeffrey Jonathan Brown sold 97,311 shares of Ally Financial stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $27.01, for a total value of $2,628,370.11. Following the completion of the transaction, the chief executive officer now owns 632,569 shares in the company, valued at $17,085,688.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael F. Steib purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was bought at an average price of $26.47 per share, with a total value of $52,940.00. Following the transaction, the director now owns 29,027 shares of the company’s stock, valued at approximately $768,344.69. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company’s stock.

ALLY has been the topic of a number of recent analyst reports. Barclays decreased their price target on Ally Financial from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, January 23rd. Sandler O’Neill upgraded Ally Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $29.00 to $33.00 in a research report on Tuesday, February 26th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 20th. They noted that the move was a valuation call. Finally, BTIG Research raised their price objective on Ally Financial to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.14.

Shares of Ally Financial stock opened at $26.73 on Friday. The stock has a market cap of $10.69 billion, a PE ratio of 8.00, a PEG ratio of 0.59 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.33. Ally Financial Inc has a twelve month low of $20.60 and a twelve month high of $29.00.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.10. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.53 billion. Ally Financial had a return on equity of 10.84% and a net margin of 21.76%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 earnings per share. Analysts anticipate that Ally Financial Inc will post 3.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.68 annualized dividend and a yield of 2.54%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.15. Ally Financial’s dividend payout ratio (DPR) is currently 20.36%.

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Ally Financial Profile

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.

Further Reading: SEC Filing

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

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