Nippon Life Global Investors Americas Inc. Decreases Holdings in Ally Financial Inc. (NYSE:ALLY)

Nippon Life Global Investors Americas Inc. trimmed its position in shares of Ally Financial Inc. (NYSE:ALLYGet Rating) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,870 shares of the financial services provider’s stock after selling 4,810 shares during the period. Nippon Life Global Investors Americas Inc. owned about 0.09% of Ally Financial worth $14,086,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ALLY. Morgan Stanley lifted its position in Ally Financial by 4.5% during the third quarter. Morgan Stanley now owns 15,419,322 shares of the financial services provider’s stock valued at $787,157,000 after acquiring an additional 667,877 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Ally Financial by 42.1% during the fourth quarter. First Trust Advisors LP now owns 4,171,050 shares of the financial services provider’s stock worth $198,584,000 after purchasing an additional 1,236,136 shares during the last quarter. Sixth Street Partners Management Company L.P. raised its holdings in shares of Ally Financial by 8.2% during the third quarter. Sixth Street Partners Management Company L.P. now owns 3,294,954 shares of the financial services provider’s stock worth $168,207,000 after purchasing an additional 250,000 shares during the last quarter. Artemis Investment Management LLP grew its position in Ally Financial by 37.0% during the fourth quarter. Artemis Investment Management LLP now owns 3,249,060 shares of the financial services provider’s stock valued at $154,520,000 after buying an additional 877,609 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Ally Financial by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 3,216,726 shares of the financial services provider’s stock valued at $164,214,000 after buying an additional 30,138 shares during the period. Institutional investors own 94.42% of the company’s stock.

In other Ally Financial news, insider Jason E. Schugel sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $45.00, for a total transaction of $112,500.00. Following the completion of the transaction, the insider now owns 82,476 shares in the company, valued at approximately $3,711,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.

ALLY has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Ally Financial from $73.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Wells Fargo & Company dropped their price target on shares of Ally Financial from $57.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, April 18th. StockNews.com started coverage on shares of Ally Financial in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler dropped their target price on shares of Ally Financial from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Monday, April 18th. Finally, Raymond James dropped their target price on shares of Ally Financial from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, April 18th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $59.92.

Shares of ALLY stock traded up $0.01 during trading on Friday, reaching $38.67. The company’s stock had a trading volume of 3,526,735 shares, compared to its average volume of 3,899,039. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 4.86, a P/E/G ratio of 0.15 and a beta of 1.32. The stock’s 50-day moving average price is $42.29 and its 200 day moving average price is $46.09. Ally Financial Inc. has a 1-year low of $37.05 and a 1-year high of $56.61.

Ally Financial (NYSE:ALLYGet Rating) last posted its quarterly earnings results on Thursday, April 14th. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.93 by $0.10. Ally Financial had a net margin of 34.73% and a return on equity of 21.56%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business posted $2.09 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts anticipate that Ally Financial Inc. will post 7.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, April 29th. Ally Financial’s dividend payout ratio (DPR) is presently 15.09%.

About Ally Financial (Get Rating)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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