Ally Financial (NYSE:ALLY) Hits New 12-Month Low on Analyst Downgrade

Ally Financial Inc. (NYSE:ALLY) reached a new 52-week low during trading on Friday after Truist Financial lowered their price target on the stock from $47.00 to $45.00. Truist Financial currently has a buy rating on the stock. Ally Financial traded as low as $30.76 and last traded at $30.54, with a volume of 3073967 shares trading hands. The stock had previously closed at $33.00.

Other research analysts also recently issued reports about the company. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Barclays lifted their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley boosted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.53.

Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the firm’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 purchase, the chief financial officer now 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of the firm’s stock in a transaction dated 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 transaction, 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 disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Ally Financial

A number of institutional investors have recently modified their holdings of ALLY. Versant Capital Management Inc raised its holdings in Ally Financial by 65.8% during the first quarter. Versant Capital Management Inc now owns 2,899 shares of the financial services provider’s stock valued at $106,000 after buying an additional 1,150 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Ally Financial by 26.1% in the 4th quarter. California State Teachers Retirement System now owns 457,976 shares of the financial services provider’s stock valued at $16,492,000 after acquiring an additional 94,752 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Ally Financial in the 4th quarter worth approximately $378,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ally Financial during the fourth quarter worth approximately $3,830,000. Finally, Mackenzie Financial Corp grew its holdings in Ally Financial by 104.9% during the fourth quarter. Mackenzie Financial Corp now owns 77,137 shares of the financial services provider’s stock valued at $2,778,000 after purchasing an additional 39,493 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Price Performance

The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day moving average price is $36.72 and its two-hundred day moving average price is $36.40. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.32 and a beta of 1.12.

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

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.73%. 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.