Nomura Asset Management Co. Ltd. lowered its stake in Ally Financial Inc. (NYSE:ALLY) by 6.6% during the first quarter, Holdings Channel reports. The fund owned 72,560 shares of the financial services provider’s stock after selling 5,140 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ally Financial were worth $1,475,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. DnB Asset Management AS raised its position in shares of Ally Financial by 29.7% in the first quarter. DnB Asset Management AS now owns 35,400 shares of the financial services provider’s stock valued at $720,000 after buying an additional 8,100 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Ally Financial by 31.7% in the first quarter. Gateway Investment Advisers LLC now owns 188,933 shares of the financial services provider’s stock valued at $3,841,000 after buying an additional 45,486 shares in the last quarter. Graybill Bartz & Assoc Ltd. raised its position in shares of Ally Financial by 1.5% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 164,313 shares of the financial services provider’s stock valued at $3,340,000 after buying an additional 2,488 shares in the last quarter. North American Management Corp acquired a new position in shares of Ally Financial during the first quarter valued at about $441,000. Finally, Creative Planning raised its position in shares of Ally Financial by 385.0% in the first quarter. Creative Planning now owns 6,299 shares of the financial services provider’s stock valued at $128,000 after buying an additional 8,509 shares in the last quarter. Institutional investors own 99.21% of the company’s stock.
Ally Financial Inc. (ALLY) opened at 20.82 on Monday. Ally Financial Inc. has a 52-week low of $16.08 and a 52-week high of $23.62. The firm has a market cap of $9.99 billion, a P/E ratio of 9.79 and a beta of 1.39. The firm’s 50-day moving average price is $19.50 and its 200-day moving average price is $20.35.
Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Ally Financial had a net margin of 15.68% and a return on equity of 7.63%. During the same period in the previous year, the firm earned $0.52 EPS. Equities research analysts expect that Ally Financial Inc. will post $2.25 EPS for the current year.
Several brokerages recently issued reports on ALLY. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $24.00 price objective on shares of Ally Financial in a research report on Tuesday, July 4th. BidaskClub upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Piper Jaffray Companies began coverage on Ally Financial in a research report on Friday, June 9th. They issued an “overweight” rating and a $25.00 price objective for the company. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price objective on shares of Ally Financial in a research report on Tuesday, April 25th. Finally, BTIG Research reiterated a “buy” rating and issued a $30.00 price objective on shares of Ally Financial in a research report on Saturday, April 22nd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.77.
Ally Financial Company 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.
Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY).
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285165/ally-financial-inc-nyseally-shares-sold-by-nomura-asset-management-co-ltd.html
Receive News & Ratings for Ally Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.