Rakuten Securities Inc. Purchases New Position in Ally Financial Inc. (NYSE:ALLY)

Rakuten Securities Inc. acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,921 shares of the financial services provider’s stock, valued at approximately $67,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Roundview Capital LLC bought a new stake in Ally Financial during the first quarter worth $242,000. Cetera Advisor Networks LLC bought a new stake in Ally Financial in the 1st quarter worth about $214,000. D.A. Davidson & CO. purchased a new stake in Ally Financial in the 1st quarter valued at about $261,000. MetLife Investment Management LLC bought a new position in shares of Ally Financial during the 1st quarter worth approximately $294,000. Finally, Rhumbline Advisers boosted its stake in shares of Ally Financial by 1.4% in the 1st quarter. Rhumbline Advisers now owns 291,312 shares of the financial services provider’s stock worth $12,666,000 after buying an additional 4,099 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Performance

Shares of ALLY opened at $36.27 on Thursday. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56. The stock’s 50-day simple moving average is $37.60 and its 200 day simple moving average is $32.78. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.53 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. 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 prior year, the firm posted $1.08 earnings per share. Research analysts forecast that Ally Financial Inc. will post 2.94 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.30 per share. 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 3.31%. Ally Financial’s dividend payout ratio (DPR) is currently 40.13%.

Analyst Ratings Changes

A number of brokerages recently commented on ALLY. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, January 22nd. Compass Point lifted their target price on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Evercore ISI increased their price target on shares of Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Barclays increased their target price on shares of Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.59.

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.