Daiwa Securities Group Inc. Reduces Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Daiwa Securities Group Inc. cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,409 shares of the financial services provider’s stock after selling 500 shares during the period. Daiwa Securities Group Inc.’s holdings in Ally Financial were worth $608,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in Ally Financial by 34.2% during the third quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock worth $83,309,000 after acquiring an additional 795,754 shares during the last quarter. Private Management Group Inc. lifted its stake in Ally Financial by 9.4% in the 3rd quarter. Private Management Group Inc. now owns 819,136 shares of the financial services provider’s stock valued at $21,855,000 after buying an additional 70,615 shares in the last quarter. ING Groep NV acquired a new stake in Ally Financial during the 3rd quarter valued at $4,336,000. Sherbrooke Park Advisers LLC purchased a new position in Ally Financial during the third quarter worth $724,000. Finally, Nordea Investment Management AB raised its holdings in shares of Ally Financial by 8.1% in the fourth quarter. Nordea Investment Management AB now owns 23,442 shares of the financial services provider’s stock worth $816,000 after acquiring an additional 1,755 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on ALLY shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research report on Monday, January 22nd. Morgan Stanley raised shares of Ally Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $37.00 to $47.00 in a research note on Thursday, February 8th. Finally, Compass Point increased their price target on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Ally Financial has an average rating of “Hold” and a consensus price target of $38.47.

Ally Financial Stock Performance

Ally Financial stock opened at $39.15 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $41.56. The stock’s 50-day moving average is $37.97 and its 200-day moving average is $33.32. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities analysts anticipate that Ally Financial Inc. will post 2.95 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

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.