International Assets Investment Management LLC Sells 40,062 Shares of Ally Financial Inc. (NYSE:ALLY)

International Assets Investment Management LLC lessened its position in shares of Ally Financial Inc. (NYSE:ALLY) by 79.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,228 shares of the financial services provider’s stock after selling 40,062 shares during the period. International Assets Investment Management LLC’s holdings in Ally Financial were worth $3,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Ally Financial by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock worth $747,293,000 after acquiring an additional 290,842 shares during the period. Sessa Capital IM L.P. grew its stake in Ally Financial by 426.5% in the 1st quarter. Sessa Capital IM L.P. now owns 9,493,106 shares of the financial services provider’s stock worth $241,979,000 after buying an additional 7,689,915 shares in the last quarter. State Street Corp grew its stake in Ally Financial by 3.3% in the 1st quarter. State Street Corp now owns 8,749,404 shares of the financial services provider’s stock worth $380,424,000 after buying an additional 281,795 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Ally Financial by 18.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,343,564 shares of the financial services provider’s stock worth $212,677,000 after buying an additional 1,281,000 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Ally Financial by 195.1% in the 4th quarter. Millennium Management LLC now owns 6,058,768 shares of the financial services provider’s stock worth $148,137,000 after buying an additional 4,005,417 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 0.9 %

Shares of NYSE ALLY opened at $36.27 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The firm has a fifty day simple moving average of $37.60 and a two-hundred day simple moving average of $32.78. The firm has a market capitalization of $11.02 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.54 and a beta of 1.40. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $41.56.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same period last year, the business earned $1.08 EPS. Equities analysts expect that Ally Financial Inc. will post 2.94 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. Ally Financial’s payout ratio is 40.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a research note on Tuesday, April 9th. Morgan Stanley raised shares of Ally Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $37.00 to $47.00 in a research note on Thursday, February 8th. Wells Fargo & Company upped their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, April 10th. Evercore ISI upped their price objective on shares of Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a report on Thursday, February 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.59.

Ally Financial 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.