Ally Financial (NYSE:ALLY) Given New $44.00 Price Target at Barclays

Ally Financial (NYSE:ALLY) had its target price increased by Barclays from $36.00 to $44.00 in a report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. lifted their price target on Ally Financial from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley lifted their target price on Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Keefe, Bruyette & Woods raised their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, TD Cowen decreased their price objective on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus target price of $42.71.

Ally Financial Stock Performance

Ally Financial stock opened at $36.18 on Monday. Ally Financial has a 52 week low of $31.77 and a 52 week high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The stock has a market cap of $11.02 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44. The stock has a 50 day moving average of $36.84 and a 200-day moving average of $38.24.

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

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.32%. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Institutional Trading of Ally Financial

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Ally Financial by 510.7% during the second 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 during the period. Venturi Wealth Management LLC grew its position in 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 buying an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Ally Financial during the 2nd quarter valued at about $41,000. Allworth Financial LP raised its position in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after buying an additional 421 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Ally Financial by 311.4% in the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,143 shares during the period. Institutional investors own 88.76% of the company’s stock.

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.