Ally Financial Inc. (NYSE:ALLY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned an average rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.69.

A number of brokerages have recently issued reports on ALLY. Barclays cut their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Citigroup lifted their price target on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. BTIG Research cut Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, TD Cowen lowered their price objective on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, September 23rd.

Hedge Funds Weigh In On Ally Financial

Several institutional investors and hedge funds have recently modified their holdings of ALLY. Allspring Global Investments Holdings LLC increased its stake in shares of Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Ally Financial in the 1st quarter valued at about $28,000. Venturi Wealth Management LLC increased its stake in shares of Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Ally Financial in the 2nd quarter valued at about $41,000. Finally, Allworth Financial LP increased its stake in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Down 0.4 %

Shares of NYSE:ALLY opened at $35.57 on Wednesday. Ally Financial has a 12-month low of $26.50 and a 12-month high of $45.46. The business’s fifty day simple moving average is $35.06 and its 200-day simple moving average is $38.73. The company has a market capitalization of $10.84 billion, a PE ratio of 14.23, a P/E/G ratio of 0.43 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $0.83 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Ally Financial will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.37%. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

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.