Ally Financial (NYSE:ALLY) Given New $40.00 Price Target at Jefferies Financial Group

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

A number of other analysts have also recently weighed in on ALLY. JPMorgan Chase & Co. lowered their price objective on Ally Financial from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Evercore ISI reduced their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Wells Fargo & Company decreased their price target on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Thursday, September 26th. Keefe, Bruyette & Woods increased their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $43.47.

Ally Financial Stock Up 1.2 %

Shares of NYSE:ALLY opened at $40.12 on Thursday. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.40 and a beta of 1.44. Ally Financial has a 12 month low of $31.95 and a 12 month high of $45.46. The company has a 50-day moving average price of $36.92 and a 200 day moving average price of $37.93. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2,021,808.41 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. As a group, equities research analysts predict that Ally Financial will post 2.96 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.99%. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Hedge Funds Weigh In On Ally Financial

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