Nomura Asset Management Co. Ltd. Has $2.96 Million Position in Ally Financial Inc. (NYSE:ALLY)

Nomura Asset Management Co. Ltd. reduced its position in shares of Ally Financial Inc. (NYSE:ALLY) by 36.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 83,128 shares of the financial services provider’s stock after selling 47,719 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ally Financial were worth $2,959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Ally Financial by 10.2% in the 2nd quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 400 shares during the period. Sara Bay Financial increased its holdings in Ally Financial by 30.3% in the second quarter. Sara Bay Financial now owns 24,176 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 5,615 shares during the period. Neo Ivy Capital Management bought a new position in Ally Financial during the 2nd quarter worth $285,000. Hobbs Group Advisors LLC acquired a new position in Ally Financial during the 2nd quarter worth about $52,000. Finally, Fifth Third Bancorp grew its position in shares of Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Up 0.4 %

NYSE ALLY opened at $37.68 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 52 week low of $31.77 and a 52 week high of $45.46. The business has a 50 day moving average price of $36.65 and a 200-day moving average price of $38.58. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 0.46 and a beta of 1.42.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business posted $0.83 EPS. Ally Financial’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.30 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.18%. Ally Financial’s payout ratio is 48.00%.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Ally Financial from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods boosted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.73.

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.