Nisa Investment Advisors LLC Decreases Holdings in Ally Financial Inc. (NYSE:ALLY)

Nisa Investment Advisors LLC decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,095 shares of the financial services provider’s stock after selling 431 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ally Financial were worth $2,246,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Ally Financial by 510.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 526 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Ally Financial during the 1st quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Ally Financial during the 2nd quarter worth approximately $41,000. Allworth Financial LP boosted its stake in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Ally Financial during the 2nd quarter worth approximately $52,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Down 0.5 %

Shares of NYSE ALLY opened at $34.57 on Friday. The stock has a fifty day moving average price of $36.24 and a 200 day moving average price of $38.91. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a market cap of $10.51 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.43 and a beta of 1.39. Ally Financial Inc. has a 12-month low of $24.72 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. Research analysts anticipate that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.47%. Ally Financial’s payout ratio is 48.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. TD Cowen reduced their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Finally, BTIG Research lowered Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.38.

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.