Ally Financial Inc. (NYSE:ALLY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $54.1429.

Several equities analysts have weighed in on ALLY shares. Wall Street Zen raised Ally Financial from a “hold” rating to a “buy” rating in a report on Sunday. Truist Financial set a $54.00 price objective on Ally Financial in a report on Tuesday, April 21st. Evercore reissued an “outperform” rating and set a $54.00 price target on shares of Ally Financial in a report on Tuesday, April 21st. Bank of America boosted their price target on Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Finally, Barclays boosted their price target on Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th.

Ally Financial Stock Performance

NYSE:ALLY opened at $42.85 on Friday. The stock has a market cap of $13.13 billion, a P/E ratio of 10.45, a PEG ratio of 0.26 and a beta of 1.12. The stock has a 50 day simple moving average of $42.06 and a 200 day simple moving average of $42.02. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. Ally Financial has a 1-year low of $34.30 and a 1-year high of $47.27.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. Research analysts anticipate that Ally Financial will post 5.3 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Ally Financial’s payout ratio is currently 29.27%.

Insiders Place Their Bets

In related news, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the sale, the insider owned 93,927 shares in the company, valued at $3,958,083.78. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas R. Timmerman sold 39,675 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the sale, the insider owned 477,627 shares in the company, valued at $21,574,411.59. This trade represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Ally Financial

Several large investors have recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. boosted its holdings in Ally Financial by 30.8% in the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 240 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Ally Financial by 3.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 243 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Ally Financial by 31.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 252 shares in the last quarter. Sweeney & Michel LLC lifted its holdings in shares of Ally Financial by 4.0% in the third quarter. Sweeney & Michel LLC now owns 6,663 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 256 shares in the last quarter. Finally, Triumph Capital Management lifted its holdings in shares of Ally Financial by 9.2% in the fourth quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.