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

International Assets Investment Management LLC trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 79.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,228 shares of the financial services provider's stock after selling 40,062 shares during the quarter. International Assets Investment Management LLC's holdings in Ally Financial were worth $3,570,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Ally Financial during the 3rd quarter worth approximately $26,000. Salem Investment Counselors Inc. raised its stake in Ally Financial by 115.0% in the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 345 shares during the last quarter. PCA Investment Advisory Services Inc. acquired a new position in Ally Financial in the 2nd quarter valued at $30,000. Natixis acquired a new position in Ally Financial in the 4th quarter valued at $41,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Ally Financial by 337.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 1,206 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Performance

Shares of ALLY stock traded up $2.44 during midday trading on Thursday, hitting $38.71. The company had a trading volume of 8,368,188 shares, compared to its average volume of 3,969,599. The company's 50 day simple moving average is $37.65 and its 200 day simple moving average is $32.82. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.53 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.90 and a quick ratio of 0.90.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $1.08 earnings per share. Research analysts anticipate that Ally Financial Inc. will post 2.94 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.10%. Ally Financial's dividend payout ratio (DPR) is presently 40.13%.

Analysts Set New Price Targets

ALLY has been the subject of a number of recent research reports. Morgan Stanley raised Ally Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $37.00 to $47.00 in a research note on Thursday, February 8th. BMO Capital Markets raised their target price on Ally Financial from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Tuesday, January 23rd. Evercore ISI raised their target price on Ally Financial from $41.00 to $43.00 and gave the company an "in-line" rating in a report on Thursday, March 28th. JPMorgan Chase & Co. lowered Ally Financial from a "neutral" rating to an "underweight" rating and increased their price target for the company from $37.00 to $39.00 in a research report on Wednesday, April 3rd. Finally, Compass Point increased their price target on Ally Financial from $28.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $37.59.

Ally Financial Company 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.