Yousif Capital Management LLC Reduces Stake in Ally Financial Inc. (NYSE:ALLY)

Yousif Capital Management LLC lowered its holdings in Ally Financial Inc. (NYSE:ALLY) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 139,108 shares of the financial services provider’s stock after selling 722 shares during the quarter. Yousif Capital Management LLC’s holdings in Ally Financial were worth $4,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp raised its position in shares of Ally Financial by 34.2% in the third quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock valued at $83,309,000 after purchasing an additional 795,754 shares during the period. Private Management Group Inc. raised its position in shares of Ally Financial by 9.4% in the third quarter. Private Management Group Inc. now owns 819,136 shares of the financial services provider’s stock valued at $21,855,000 after purchasing an additional 70,615 shares during the period. ING Groep NV bought a new stake in shares of Ally Financial in the third quarter valued at approximately $4,336,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Ally Financial in the third quarter valued at approximately $724,000. Finally, Nordea Investment Management AB raised its position in shares of Ally Financial by 8.1% in the fourth quarter. Nordea Investment Management AB now owns 23,442 shares of the financial services provider’s stock valued at $816,000 after purchasing an additional 1,755 shares during the period. Institutional investors own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALLY. TD Cowen boosted their price target on shares of Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Wells Fargo & Company upped their target price on shares of Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday, April 10th. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $46.00 in a report on Tuesday, April 9th. Finally, Compass Point upped their target price on shares of Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus price target of $38.47.

Ally Financial Price Performance

ALLY stock opened at $39.30 on Friday. Ally Financial Inc. has a one year low of $22.54 and a one year high of $41.56. The stock has a market cap of $11.95 billion, a PE ratio of 16.04, a P/E/G ratio of 0.58 and a beta of 1.40. The firm has a 50 day simple moving average of $38.04 and a two-hundred day simple moving average of $33.42. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. On average, analysts predict that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

Ally Financial 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.