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

Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $42.14.

ALLY has been the topic of a number of analyst reports. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Evercore ISI cut their target price on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Bank of America decreased their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. TD Cowen dropped their price target on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Finally, Morgan Stanley boosted their price objective on shares of Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday.

Institutional Trading of Ally Financial

Several hedge funds and other institutional investors have recently made changes to their positions in ALLY. Blue Trust Inc. boosted its position in Ally Financial by 10.2% during the second quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 400 shares in the last quarter. Sara Bay Financial grew its stake in Ally Financial by 30.3% in the 2nd quarter. Sara Bay Financial now owns 24,176 shares of the financial services provider’s stock valued at $959,000 after acquiring an additional 5,615 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Ally Financial during the second quarter worth about $285,000. Hobbs Group Advisors LLC purchased a new stake in shares of Ally Financial in the second quarter valued at about $52,000. Finally, Fifth Third Bancorp grew its position in shares of Ally Financial by 1.2% in the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Up 0.1 %

NYSE:ALLY opened at $34.63 on Friday. Ally Financial has a 12-month low of $31.77 and a 12-month high of $45.46. The firm has a market cap of $10.55 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. 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 fifty day moving average price of $36.71 and a 200 day moving average price of $38.50.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (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 business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the business posted $0.83 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Ally Financial will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is currently 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.