Ally Financial Inc. (NYSE:ALLY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have received a consensus rating of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $42.53.

A number of equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. 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 increased 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.

Insider Transactions at Ally Financial

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALLY. Oak Thistle LLC purchased a new stake in Ally Financial in the 4th quarter worth $1,112,000. Point72 Asset Management L.P. purchased a new stake in shares of Ally Financial during the third quarter worth about $21,571,000. 140 Summer Partners LP acquired a new position in shares of Ally Financial during the 3rd quarter worth about $19,140,000. State Street Corp lifted its stake in Ally Financial by 0.5% in the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after buying an additional 51,426 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Ally Financial in the 3rd quarter worth about $4,130,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Up 0.5 %

ALLY stock opened at $37.50 on Tuesday. The stock has a fifty day moving average of $37.09 and a 200-day moving average of $36.35. Ally Financial has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

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

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

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.