International Assets Investment Management LLC Has $3.57 Million Position in Ally Financial Inc. (NYSE:ALLY)

International Assets Investment Management LLC cut its position in shares of Ally Financial Inc. (NYSE:ALLY) by 79.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,228 shares of the financial services provider’s stock after selling 40,062 shares during the period. International Assets Investment Management LLC’s holdings in Ally Financial were worth $3,570,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ALLY. Sessa Capital IM L.P. increased its stake in shares of Ally Financial by 426.5% during the 1st quarter. Sessa Capital IM L.P. now owns 9,493,106 shares of the financial services provider’s stock worth $241,979,000 after purchasing an additional 7,689,915 shares during the last quarter. Millennium Management LLC grew its stake in Ally Financial by 195.1% in the 4th quarter. Millennium Management LLC now owns 6,058,768 shares of the financial services provider’s stock valued at $148,137,000 after buying an additional 4,005,417 shares during the last quarter. AQR Capital Management LLC grew its stake in Ally Financial by 233.9% in the 4th quarter. AQR Capital Management LLC now owns 4,118,432 shares of the financial services provider’s stock valued at $100,160,000 after buying an additional 2,884,833 shares during the last quarter. Ancient Art L.P. acquired a new position in Ally Financial in the 3rd quarter valued at about $41,429,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Ally Financial by 18.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,343,564 shares of the financial services provider’s stock valued at $212,677,000 after buying an additional 1,281,000 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Up 0.9 %

Shares of NYSE ALLY opened at $36.27 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56. The firm has a 50 day moving average price of $37.60 and a two-hundred day moving average price of $32.78. The stock has a market cap of $11.02 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.54 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the company posted $1.08 EPS. As a group, equities analysts forecast that Ally Financial Inc. will post 2.94 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is presently 40.13%.

Analysts Set New Price Targets

A number of research analysts recently commented on ALLY shares. Barclays upped their price target on shares of Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ally Financial in a report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price objective for the company. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley raised shares of Ally Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $47.00 in a report on Thursday, February 8th. Finally, BMO Capital Markets upped their price target on shares of Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.59.

About Ally Financial

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.