Ally Financial Inc. (NYSE:ALLY) Receives $43.76 Average PT from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have earned a consensus rating of “Hold” from the nineteen research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $42.53.

Several research firms recently weighed in on ALLY. Royal Bank of Canada lifted their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a report 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. BTIG Research lowered shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research note on Tuesday, March 25th. Finally, Barclays increased their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th.

Ally Financial Price Performance

ALLY stock opened at $37.50 on Tuesday. Ally Financial has a 1 year low of $31.95 and a 1 year high of $45.46. The firm has a market capitalization of $11.52 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. 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 business has a 50 day simple moving average of $37.09 and a 200-day simple moving average of $36.35.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating 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 business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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%.

Insider Activity at Ally Financial

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

Institutional Trading of Ally Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in ALLY. Principal Securities Inc. raised its position in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 496 shares during the period. Kestra Investment Management LLC purchased a new position in Ally Financial in the 4th quarter worth about $43,000. UMB Bank n.a. lifted its stake in Ally Financial by 218.8% during the fourth 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. Brooklyn Investment Group purchased a new position in shares of Ally Financial in the third quarter worth approximately $63,000. Finally, Harbour Investments Inc. raised its holdings in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 595 shares during the period. 88.76% of the stock is currently owned by institutional investors.

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.