Nisa Investment Advisors LLC increased its stake in Ally Financial Inc (NYSE:ALLY) by 32.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,267 shares of the financial services provider’s stock after acquiring an additional 17,814 shares during the period. Nisa Investment Advisors LLC’s holdings in Ally Financial were worth $2,136,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its stake in Ally Financial by 33.4% in the second quarter. Teachers Advisors LLC now owns 754,410 shares of the financial services provider’s stock worth $15,767,000 after purchasing an additional 188,706 shares during the last quarter. Amalgamated Bank lifted its stake in Ally Financial by 85.7% in the second quarter. Amalgamated Bank now owns 44,795 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 20,671 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Ally Financial by 212.9% in the second quarter. Lazard Asset Management LLC now owns 157,444 shares of the financial services provider’s stock worth $3,289,000 after purchasing an additional 107,128 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Ally Financial by 61.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,516,297 shares of the financial services provider’s stock worth $52,591,000 after purchasing an additional 957,940 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Ally Financial by 2.3% in the second quarter. Northern Trust Corp now owns 3,380,306 shares of the financial services provider’s stock worth $70,649,000 after purchasing an additional 74,898 shares during the last quarter.
Shares of Ally Financial Inc (ALLY) opened at $30.45 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. Ally Financial Inc has a 12 month low of $18.11 and a 12 month high of $30.95. The firm has a market cap of $13,464.56, a P/E ratio of 13.53, a PEG ratio of 0.87 and a beta of 1.46.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, January 31st. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s payout ratio is currently 22.22%.
Several brokerages have issued reports on ALLY. Oppenheimer began coverage on shares of Ally Financial in a research note on Monday, January 8th. They issued a “buy” rating and a $38.00 price objective for the company. Jefferies Group reissued a “buy” rating and issued a $35.00 price objective on shares of Ally Financial in a research note on Thursday, January 11th. JPMorgan Chase & Co. downgraded shares of Ally Financial from an “overweight” rating to a “neutral” rating in a research note on Friday, January 12th. BidaskClub raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Finally, Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $30.88.
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Ally Financial Profile
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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