Nuveen Asset Management LLC Has $25.02 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Nuveen Asset Management LLC decreased its position in Ally Financial Inc. (NYSE:ALLY) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 694,803 shares of the financial services provider’s stock after selling 186,282 shares during the period. Nuveen Asset Management LLC’s holdings in Ally Financial were worth $25,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ALLY. OMERS ADMINISTRATION Corp boosted its holdings in shares of Ally Financial by 20.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,348 shares of the financial services provider’s stock worth $409,000 after buying an additional 1,903 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ally Financial by 49.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,002 shares of the financial services provider’s stock worth $1,909,000 after buying an additional 17,450 shares in the last quarter. Ionic Capital Management LLC bought a new position in shares of Ally Financial during the 4th quarter worth approximately $558,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ally Financial by 84.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider’s stock worth $151,320,000 after buying an additional 1,918,965 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Ally Financial by 6,226.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider’s stock worth $49,285,000 after buying an additional 1,347,020 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $33.92 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $33.99 and its two-hundred day simple moving average is $35.97. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The stock has a market cap of $10.42 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the business earned $0.45 EPS. As a group, analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.54%. Ally Financial’s dividend payout ratio is currently 88.24%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALLY. Jefferies Financial Group increased their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Compass Point raised shares of Ally Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Wells Fargo & Company cut their price objective on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen upgraded Ally Financial from a “sell” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.69.

Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson purchased 8,200 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the acquisition, the chief financial officer now owns 236,421 shares of the company’s stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

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.