Ally Financial (NYSE:ALLY) Price Target Raised to $40.00

Ally Financial (NYSE:ALLY) had its price objective hoisted by Jefferies Financial Group from $35.00 to $40.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

ALLY has been the subject of several other research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a report on Monday, October 21st. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup raised their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods boosted their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Evercore ISI cut their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.47.

Ally Financial Stock Performance

Shares of ALLY opened at $39.03 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51. Ally Financial has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a market cap of $11.89 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The stock has a 50-day moving average price of $37.06 and a 200-day moving average price of $37.94.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2,021,808.41 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Ally Financial’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Ally Financial will post 3.91 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Institutional Trading of Ally Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC increased its holdings in shares of Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 577 shares during the period. Allworth Financial LP grew its stake in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 421 shares during the period. Quarry LP grew its holdings in Ally Financial by 311.4% in the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,143 shares during the period. UMB Bank n.a. lifted its stake in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,061 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Ally Financial in the 3rd quarter valued at $63,000. Hedge funds and other 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.