Ally Financial Inc. (NYSE:ALLY) Receives $43.76 Average Target Price from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned a consensus rating of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $42.53.

Several equities analysts have recently commented on ALLY shares. Morgan Stanley boosted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays raised their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd.

Ally Financial Trading Up 1.5 %

Shares of NYSE ALLY opened at $37.34 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial has a one year low of $31.95 and a one year high of $45.46. The business has a 50-day moving average price of $37.08 and a two-hundred day moving average price of $36.34. The firm has a market capitalization of $11.47 billion, a PE ratio of 14.36, a PEG ratio of 0.32 and a beta of 1.40.

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

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.21%. Ally Financial’s payout ratio is 46.15%.

Insider Activity at Ally Financial

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

Institutional Investors Weigh In On Ally Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Pathstone Holdings LLC boosted its position in shares of Ally Financial by 127.0% during the 3rd quarter. Pathstone Holdings LLC now owns 59,741 shares of the financial services provider’s stock valued at $2,126,000 after acquiring an additional 33,420 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Ally Financial by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 32,174 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 598 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Ally Financial by 50.8% in the 3rd quarter. Intech Investment Management LLC now owns 16,001 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 5,387 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Ally Financial in the 3rd quarter worth approximately $250,000. Finally, Citigroup Inc. lifted its position in shares of Ally Financial by 22.3% during the 3rd quarter. Citigroup Inc. now owns 242,602 shares of the financial services provider’s stock worth $8,634,000 after buying an additional 44,314 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.