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

Shares of Ally Financial Inc. (NYSE:ALLY) have been given a consensus recommendation of “Hold” by the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $40.00.

Several research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. downgraded Ally Financial from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $37.00 to $39.00 in a research note on Wednesday, April 3rd. Wells Fargo & Company raised their target price on Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 10th. TD Cowen raised their target price on Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th.

Ally Financial Stock Down 0.4 %

ALLY stock opened at $39.82 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.49 and a beta of 1.41. Ally Financial has a fifty-two week low of $22.54 and a fifty-two week high of $41.77. The stock has a fifty day moving average of $39.06 and a 200-day moving average of $37.11.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, equities research analysts predict that Ally Financial will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.01%. Ally Financial’s dividend payout ratio is 48.98%.

Hedge Funds Weigh In On Ally Financial

Large investors have recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in Ally Financial in the 1st quarter worth approximately $28,000. Rise Advisors LLC purchased a new position in Ally Financial in the 1st quarter worth approximately $32,000. Northwest Financial Advisors purchased a new position in Ally Financial in the 4th quarter worth approximately $31,000. SYSTM Wealth Solutions LLC increased its stake in Ally Financial by 571.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 789 shares during the period. Finally, Quarry LP increased its stake in Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 598 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

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.