Natixis Advisors L.P. Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Natixis Advisors L.P. purchased a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,371 shares of the financial services provider's stock, valued at approximately $955,000.

Other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in Ally Financial during the third quarter worth $26,000. Friedenthal Financial acquired a new position in Ally Financial during the fourth quarter worth $50,000. Harvest Fund Management Co. Ltd raised its holdings in Ally Financial by 337.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider's stock worth $42,000 after purchasing an additional 1,206 shares during the last quarter. Rakuten Securities Inc. acquired a new position in Ally Financial during the fourth quarter worth $67,000. Finally, GAMMA Investing LLC acquired a new position in Ally Financial during the fourth quarter worth $78,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Stock Down 0.6 %

Shares of NYSE ALLY traded down $0.24 on Friday, hitting $40.14. The company had a trading volume of 1,389,443 shares, compared to its average volume of 3,748,340. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $41.77. The business has a 50 day moving average of $38.91 and a two-hundred day moving average of $34.89. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $12.20 billion, a P/E ratio of 16.48, a PEG ratio of 0.50 and a beta of 1.39.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company's revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, April 30th. Ally Financial's payout ratio is currently 48.98%.

Analysts Set New Price Targets

ALLY has been the subject of a number of analyst reports. StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, April 26th. The Goldman Sachs Group reissued a "buy" rating on shares of Ally Financial in a report on Thursday, February 1st. BMO Capital Markets boosted their price target on Ally Financial from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Friday, April 19th. Wells Fargo & Company boosted their price target on Ally Financial from $29.00 to $33.00 and gave the stock an "underweight" rating in a report on Wednesday, April 10th. Finally, Bank of America raised Ally Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $42.00 to $46.00 in a research report on Tuesday, April 9th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.47.

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.