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

Ally Financial Inc. (NYSE:ALLY) has earned an average rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $40.69.

Several brokerages have recently weighed in on ALLY. Evercore ISI lowered their target price on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Wells Fargo & Company lowered their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, September 26th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a report on Monday, October 21st. Finally, Barclays lowered their target price on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th.

Ally Financial Price Performance

NYSE:ALLY opened at $35.57 on Wednesday. Ally Financial has a 12 month low of $26.50 and a 12 month high of $45.46. The stock has a 50 day moving average of $35.06 and a two-hundred day moving average of $38.73. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market cap of $10.84 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business earned $0.83 EPS. Ally Financial’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Ally Financial will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Institutional Trading of Ally Financial

A number of large investors have recently modified their holdings of ALLY. US Bancorp DE increased its position in shares of Ally Financial by 5.1% during the first quarter. US Bancorp DE now owns 16,297 shares of the financial services provider’s stock worth $661,000 after acquiring an additional 793 shares during the period. Blair William & Co. IL increased its holdings in Ally Financial by 107.0% in the first quarter. Blair William & Co. IL now owns 20,019 shares of the financial services provider’s stock valued at $813,000 after buying an additional 10,350 shares during the last quarter. Intech Investment Management LLC increased its holdings in Ally Financial by 54.0% in the first quarter. Intech Investment Management LLC now owns 10,614 shares of the financial services provider’s stock valued at $431,000 after buying an additional 3,720 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Ally Financial by 167.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,277 shares of the financial services provider’s stock valued at $904,000 after buying an additional 13,962 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in Ally Financial by 85.7% in the first quarter. UniSuper Management Pty Ltd now owns 3,900 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,800 shares during the last quarter. 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.