Ally Financial (ALLY) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Ally Financial (NYSE: ALLY) in the last few weeks:

• 7/18/2024 – Ally Financial had its price target raised by analysts at Wells Fargo & Company from $33.00 to $37.00. They now have an “underweight” rating on the stock.
• 7/18/2024 – Ally Financial had its price target raised by analysts at Morgan Stanley from $47.00 to $49.00. They now have an “overweight” rating on the stock.
• 7/18/2024 – Ally Financial had its price target raised by analysts at Royal Bank of Canada from $46.00 to $49.00. They now have an “outperform” rating on the stock.
• 7/18/2024 – Ally Financial had its price target raised by analysts at Barclays PLC from $43.00 to $44.00. They now have an “equal weight” rating on the stock.
• 7/8/2024 – Ally Financial had its price target raised by analysts at Keefe, Bruyette & Woods from $45.00 to $48.00. They now have an “outperform” rating on the stock.
• 7/8/2024 – Ally Financial was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $45.00 price target on the stock, up previously from $39.00.
• 7/1/2024 – Ally Financial had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $51.00 to $50.00. They now have a “buy” rating on the stock.
• 6/25/2024 – Ally Financial had its price target raised by analysts at Evercore ISI from $43.00 to $45.00. They now have an “in-line” rating on the stock.
• 6/24/2024 – Ally Financial is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $50.00 price target on the stock.
• 6/7/2024 – Ally Financial is now covered by analysts at BTIG Research. They set a “buy” rating and a $51.00 price target on the stock.

Ally Financial Stock Performance

ALLY stock traded up $0.48 during trading on Wednesday, hitting $45.01. 2,942,275 shares of the company’s stock traded hands, compared to its average volume of 3,346,557. The stock has a fifty day moving average price of $40.43 and a two-hundred day moving average price of $38.68. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $45.46. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 0.44 and a beta of 1.41.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $0.96 EPS. Ally Financial’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.42 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, July 31st. Ally Financial’s dividend payout ratio is presently 48.98%.

Institutional Investors Weigh In On Ally Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 526 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Ally Financial in the first quarter valued at $28,000. Rise Advisors LLC acquired a new stake in shares of Ally Financial in the first quarter worth $32,000. Northwest Financial Advisors purchased a new position in shares of Ally Financial during the fourth quarter valued at $31,000. Finally, SYSTM Wealth Solutions LLC raised its position in Ally Financial by 571.7% during the first quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock valued at $38,000 after buying an additional 789 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

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.