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

Nomura Asset Management Co. Ltd. trimmed its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 36.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,128 shares of the financial services provider's stock after selling 47,719 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Ally Financial were worth $2,959,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 526 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 577 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Ally Financial in the second quarter valued at about $41,000. Allworth Financial LP boosted its holdings in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock worth $51,000 after buying an additional 421 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new position in Ally Financial in the 2nd quarter valued at about $52,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALLY has been the subject of several research reports. TD Cowen cut their price objective on shares of Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, September 23rd. Wells Fargo & Company dropped their price target on Ally Financial from $37.00 to $32.00 and set an "underweight" rating for the company in a report on Thursday, September 26th. Keefe, Bruyette & Woods upped their price objective on Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Evercore ISI dropped their target price on Ally Financial from $47.00 to $38.00 and set an "in-line" rating for the company in a report on Monday, October 7th. Finally, Morgan Stanley decreased their price target on shares of Ally Financial from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $41.73.

Ally Financial Price Performance

ALLY traded up $0.16 during trading on Friday, hitting $37.68. 2,415,159 shares of the stock traded hands, compared to its average volume of 3,461,070. 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 debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a twelve month low of $31.77 and a twelve month high of $45.46. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.46 and a beta of 1.42.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. Equities research analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

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

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.