Nuveen Asset Management LLC Sells 186,282 Shares of Ally Financial Inc. (NYSE:ALLY)

Nuveen Asset Management LLC lessened its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 694,803 shares of the financial services provider's stock after selling 186,282 shares during the period. Nuveen Asset Management LLC owned about 0.23% of Ally Financial worth $25,020,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ALLY. EP Wealth Advisors LLC raised its stake in shares of Ally Financial by 4.9% in the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock valued at $229,000 after acquiring an additional 297 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Ally Financial by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 320 shares in the last quarter. Lido Advisors LLC raised its position in Ally Financial by 5.9% in the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock valued at $232,000 after purchasing an additional 359 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in Ally Financial by 0.8% in the fourth quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock worth $1,834,000 after purchasing an additional 389 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after purchasing an additional 496 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the firm's stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. This represents a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ALLY shares. The Goldman Sachs Group upped their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Bank of America reduced their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their price objective on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Finally, Wells Fargo & Company lowered their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.69.

Ally Financial Trading Down 0.5%

Shares of NYSE ALLY traded down $0.18 during midday trading on Wednesday, reaching $34.60. The stock had a trading volume of 478,083 shares, compared to its average volume of 4,055,919. The company's 50 day moving average price is $33.90 and its 200 day moving average price is $35.89. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, sell-side analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.47%. Ally Financial's dividend payout ratio is presently 88.24%.

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.