Ally Financial Inc. (NYSE:ALLY) Receives $41.73 Average Price Target from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have been given an average rating of “Hold” by the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.73.

Several research firms have recently commented on ALLY. BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Citigroup boosted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. increased their target price on Ally Financial from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Wells Fargo & Company cut their price target on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, September 26th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a research note on Monday, October 21st.

Institutional Investors Weigh In On Ally Financial

A number of large investors have recently bought and sold shares of ALLY. Fifth Third Bancorp boosted its holdings in shares of Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after acquiring an additional 278 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Ally Financial by 1.9% in the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 293 shares during the last quarter. Maverick Capital Ltd. grew its position in Ally Financial by 1.2% during the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock worth $930,000 after purchasing an additional 299 shares during the period. Blue Trust Inc. raised its stake in shares of Ally Financial by 8.2% during the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after buying an additional 352 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings 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 buying an additional 421 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Ally Financial stock opened at $36.59 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $11.15 billion, a PE ratio of 14.64, a P/E/G ratio of 0.46 and a beta of 1.42. The company has a 50 day moving average price of $36.73 and a 200-day moving average price of $38.56. Ally Financial has a fifty-two week low of $31.77 and a fifty-two week high of $45.46.

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

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Friday, November 1st. Ally Financial’s payout ratio is 48.00%.

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.