Nomura Holdings Inc. Buys New Stake in Ally Financial Inc (NYSE:ALLY)

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Nomura Holdings Inc. bought a new stake in Ally Financial Inc (NYSE:ALLY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 941,412 shares of the financial services provider’s stock, valued at approximately $29,384,000. Nomura Holdings Inc. owned approximately 0.24% of Ally Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ALLY. Man Group plc lifted its stake in Ally Financial by 91.6% in the 2nd quarter. Man Group plc now owns 3,288,056 shares of the financial services provider’s stock valued at $101,897,000 after buying an additional 1,571,769 shares in the last quarter. Magnolia Group LLC lifted its stake in Ally Financial by 30.5% in the 1st quarter. Magnolia Group LLC now owns 5,626,671 shares of the financial services provider’s stock valued at $154,677,000 after buying an additional 1,315,199 shares in the last quarter. FMR LLC lifted its stake in Ally Financial by 129.3% in the 1st quarter. FMR LLC now owns 1,801,409 shares of the financial services provider’s stock valued at $49,521,000 after buying an additional 1,015,634 shares in the last quarter. Morgan Stanley lifted its stake in Ally Financial by 49.0% in the 2nd quarter. Morgan Stanley now owns 1,891,416 shares of the financial services provider’s stock valued at $58,614,000 after buying an additional 621,898 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Ally Financial by 83.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,263,800 shares of the financial services provider’s stock valued at $39,165,000 after buying an additional 574,700 shares in the last quarter. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Diane E. Morais sold 15,000 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the sale, the insider now directly owns 220,048 shares in the company, valued at approximately $7,338,600.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO David J. Debrunner sold 2,222 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $31.14, for a total value of $69,193.08. Following the completion of the sale, the chief accounting officer now owns 101,313 shares of the company’s stock, valued at $3,154,886.82. The disclosure for this sale can be found here. Insiders sold a total of 21,666 shares of company stock worth $712,118 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.

ALLY has been the topic of a number of recent analyst reports. BTIG Research increased their price target on Ally Financial to $39.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Piper Jaffray Companies set a $41.00 price target on Ally Financial and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Barclays increased their price target on Ally Financial from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Zacks Investment Research lowered Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research note on Tuesday, July 2nd. Finally, Citigroup increased their price target on Ally Financial from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $37.00.

Shares of ALLY traded down $0.55 during trading hours on Friday, hitting $33.93. The stock had a trading volume of 2,509,858 shares, compared to its average volume of 3,804,623. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $13.63 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.69 and a beta of 1.31. The company’s fifty day simple moving average is $32.03 and its 200 day simple moving average is $30.18. Ally Financial Inc has a 12-month low of $20.60 and a 12-month high of $35.42.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Ally Financial had a return on equity of 10.89% and a net margin of 26.59%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. As a group, sell-side analysts predict that Ally Financial Inc will post 3.74 earnings per share for the current fiscal year.

About Ally Financial

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through 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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