Ally Financial (NYSE:ALLY) Price Target Lowered to $50.00 at Deutsche Bank Aktiengesellschaft

Ally Financial (NYSE:ALLY) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $51.00 to $50.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

ALLY has been the subject of a number of other research reports. TD Cowen increased their target price on Ally Financial from $42.00 to $43.00 and gave the company a hold rating in a report on Friday, April 19th. Bank of America raised Ally Financial from a neutral rating to a buy rating and increased their price target for the company from $42.00 to $46.00 in a report on Tuesday, April 9th. BTIG Research began coverage on Ally Financial in a report on Friday, June 7th. They issued a buy rating and a $51.00 price target for the company. BMO Capital Markets increased their price target on Ally Financial from $36.00 to $37.00 and gave the company a market perform rating in a report on Friday, April 19th. 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 report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $41.18.

Ally Financial Stock Down 1.0 %

Shares of ALLY opened at $39.26 on Monday. Ally Financial has a 52 week low of $22.54 and a 52 week high of $41.77. 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 company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.48 and a beta of 1.41. The stock’s 50-day moving average price is $39.31 and its 200-day moving average price is $37.50.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. Ally Financial’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Ally Financial will post 3 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, April 30th. Ally Financial’s payout ratio is 48.98%.

Institutional Investors Weigh In On Ally Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in Ally Financial by 170.5% in the 3rd quarter. Federated Hermes Inc. now owns 58,285 shares of the financial services provider’s stock valued at $1,555,000 after buying an additional 36,739 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Ally Financial by 7.1% during the 3rd quarter. Treasurer of the State of North Carolina now owns 134,927 shares of the financial services provider’s stock worth $3,600,000 after purchasing an additional 8,955 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Ally Financial by 186.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,664 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 7,597 shares during the period. AXQ Capital LP purchased a new position in shares of Ally Financial in the 3rd quarter worth $582,000. Finally, Lido Advisors LLC raised its position in shares of Ally Financial by 11.2% in the 3rd quarter. Lido Advisors LLC now owns 13,589 shares of the financial services provider’s stock worth $363,000 after buying an additional 1,367 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

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.