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

Ally Financial Inc. (NYSE:ALLY) has received a consensus rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $43.76.

A number of equities research analysts have recently issued reports on ALLY shares. Morgan Stanley boosted their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Citigroup upped their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Truist Financial lifted their target price on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th.

Ally Financial Stock Performance

Shares of ALLY opened at $34.82 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50 day moving average is $37.26 and its 200-day moving average is $37.09. Ally Financial has a 12-month low of $31.95 and a 12-month high of $45.46. The stock has a market capitalization of $10.69 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.32 and a beta of 1.45.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.45%. Ally Financial’s dividend payout ratio (DPR) is currently 46.15%.

Insider Transactions at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Ally Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC lifted its stake in shares of Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider’s stock worth $946,000 after buying an additional 280 shares during the last quarter. CIBC Asset Management Inc lifted its position in Ally Financial by 1.9% during the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 293 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Ally Financial by 4.9% during the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 297 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in Ally Financial by 1.2% during the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock valued at $930,000 after acquiring an additional 299 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Ally Financial by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds 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.