Analysts Set Ally Financial Inc. (NYSE:ALLY) Price Target at $43.76

Ally Financial Inc. (NYSE:ALLY) has received a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $43.76.

ALLY has been the subject of several recent research reports. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Royal Bank of Canada raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Barclays upped their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their target price on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th.

Insider Activity at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost 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 owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in Ally Financial in the 2nd quarter worth approximately $702,000. Diversified Trust Co bought a new stake in shares of Ally Financial in the 3rd quarter worth $304,000. Fulton Bank N.A. raised its stake in shares of Ally Financial by 9.1% in the third quarter. Fulton Bank N.A. now owns 18,954 shares of the financial services provider’s stock worth $675,000 after purchasing an additional 1,581 shares during the last quarter. Sara Bay Financial lifted its holdings in shares of Ally Financial by 10.1% during the third quarter. Sara Bay Financial now owns 26,625 shares of the financial services provider’s stock valued at $948,000 after purchasing an additional 2,449 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Ally Financial during the third quarter valued at $201,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

ALLY stock opened at $38.29 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $11.67 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.43 and a beta of 1.45. The firm’s fifty day moving average is $37.22 and its 200 day moving average is $37.64. Ally Financial has a 52 week low of $31.95 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Research analysts predict that Ally Financial will post 3.69 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. Investors of record on Friday, January 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. Ally Financial’s payout ratio is 46.15%.

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.