Daiwa Securities Group Inc. Buys 500 Shares of Ally Financial Inc. (NYSE:ALLY)

Daiwa Securities Group Inc. raised its stake in Ally Financial Inc. (NYSE:ALLY) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,409 shares of the financial services provider’s stock after purchasing an additional 500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ally Financial were worth $771,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CIBC Asset Management Inc increased its holdings in Ally Financial by 1.9% in the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 293 shares during the last quarter. Maverick Capital Ltd. increased its holdings in shares of Ally Financial by 1.2% in the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock worth $930,000 after buying an additional 299 shares during the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Ally Financial by 0.8% in the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider’s stock worth $1,834,000 after buying an additional 389 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after buying an additional 496 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

Shares of ALLY opened at $34.15 on Friday. The company has a 50 day moving average price of $36.99 and a 200-day moving average price of $36.65. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The stock has a market capitalization of $10.49 billion, a PE ratio of 13.14, a PEG ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Ally Financial Inc. will post 3.57 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, February 14th. Stockholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. Ally Financial’s payout ratio is presently 46.15%.

Insider Transactions at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ALLY shares. Jefferies Financial Group boosted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their target price on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Truist Financial boosted their target price on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $43.76.

Ally Financial Company 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.