Ally Financial Inc. (NYSE:ALLY) Receives $53.64 Average Price Target from Brokerages

Ally Financial Inc. (NYSE:ALLY) has received an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $53.6429.

Several equities research analysts have recently weighed in on ALLY shares. Bank of America upped their price target on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Morgan Stanley raised their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Truist Financial decreased their target price on shares of Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th.

Ally Financial Price Performance

Ally Financial stock opened at $43.97 on Friday. The firm has a market capitalization of $13.38 billion, a P/E ratio of 10.37, a PEG ratio of 0.27 and a beta of 1.10. Ally Financial has a one year low of $35.92 and a one year high of $47.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average price of $44.67 and a 200-day moving average price of $42.55.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. As a group, equities research analysts forecast that Ally Financial will post 5.19 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is 28.30%.

Insider Transactions at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the completion of the sale, the insider owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Institutional Trading of Ally Financial

Several institutional investors and hedge funds have recently modified their holdings of ALLY. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ally Financial in the fourth quarter worth approximately $29,000. Fideuram Asset Management Ireland dac bought a new stake in Ally Financial during the fourth quarter valued at approximately $35,000. Trust Co. of Vermont bought a new stake in Ally Financial during the second quarter valued at approximately $36,000. Safe Harbor Fiduciary LLC purchased a new position in Ally Financial in the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Ally Financial in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Company Profile

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.