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

Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned a consensus rating of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.76.

A number of analysts recently commented on ALLY shares. Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup lifted their target price 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. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lifted their price objective on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd.

Ally Financial Price Performance

Ally Financial stock opened at $36.68 on Friday. The firm has a market capitalization of $11.26 billion, a PE ratio of 14.11, a P/E/G ratio of 0.32 and a beta of 1.45. Ally Financial has a 52 week low of $31.95 and a 52 week high of $45.46. The firm’s 50-day simple moving average is $37.24 and its 200 day simple moving average is $37.26. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, equities research analysts predict that Ally Financial will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.27%. Ally Financial’s dividend payout ratio is currently 46.15%.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Ally Financial

A number of large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Ally Financial in the 4th quarter valued at about $75,483,000. Jacobs Levy Equity Management Inc. raised its position in shares of Ally Financial by 84.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider’s stock worth $151,320,000 after purchasing an additional 1,918,965 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Phoenix Financial Ltd. boosted its position in shares of Ally Financial by 86.4% in the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider’s stock valued at $122,077,000 after purchasing an additional 1,571,027 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Ally Financial by 6,226.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider’s stock worth $49,285,000 after purchasing an additional 1,347,020 shares in the last quarter. Institutional investors and hedge funds 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.