Ally Financial (NYSE:ALLY) PT Lowered to $36.00

Ally Financial (NYSE:ALLY) had its price target trimmed by Barclays from $44.00 to $36.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on ALLY. BTIG Research initiated coverage on shares of Ally Financial in a research report on Friday, June 7th. They set a buy rating and a $51.00 price target for the company. Keefe, Bruyette & Woods raised their target price on Ally Financial from $45.00 to $48.00 and gave the company an outperform rating in a research report on Monday, July 8th. Royal Bank of Canada lowered their price target on Ally Financial from $49.00 to $40.00 and set an outperform rating on the stock in a research note on Thursday. Evercore ISI increased their price objective on Ally Financial from $43.00 to $45.00 and gave the company an in-line rating in a research note on Tuesday, June 25th. Finally, Citigroup started coverage on shares of Ally Financial in a research note on Monday, June 24th. They set a buy rating and a $50.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $41.65.

Ally Financial Stock Up 0.4 %

Ally Financial stock opened at $32.97 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $10.02 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The business has a 50 day simple moving average of $41.30 and a 200-day simple moving average of $39.75. Ally Financial has a 12 month low of $22.54 and a 12 month high of $45.46.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.64 by $0.33. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. On average, analysts anticipate that Ally Financial will post 3.51 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Ally Financial’s dividend payout ratio is currently 48.98%.

Institutional Investors Weigh In On Ally Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. Victory Capital Management Inc. increased its position in shares of Ally Financial by 17.1% during the fourth quarter. Victory Capital Management Inc. now owns 91,263 shares of the financial services provider’s stock valued at $3,187,000 after acquiring an additional 13,352 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in Ally Financial in the 4th quarter valued at approximately $955,000. BNP Paribas Financial Markets increased its holdings in Ally Financial by 133.6% in the 4th quarter. BNP Paribas Financial Markets now owns 95,397 shares of the financial services provider’s stock valued at $3,331,000 after purchasing an additional 54,562 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Ally Financial by 10.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 17,835 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 1,749 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Ally Financial by 53.7% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 51,697 shares of the financial services provider’s stock worth $1,805,000 after purchasing an additional 18,057 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

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.