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

Shares of Ally Financial Inc. (NYSE:ALLY) have been given a consensus rating of “Hold” by the nineteen research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $42.78.

Several research analysts recently weighed in on ALLY shares. TD Cowen upped their price target on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Citigroup initiated coverage on Ally Financial in a research report on Monday, June 24th. They issued a “buy” rating and a $50.00 target price on the stock. Barclays boosted their price target on Ally Financial from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Evercore ISI lifted their target price on shares of Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, BTIG Research started coverage on shares of Ally Financial in a report on Friday, June 7th. They set a “buy” rating and a $51.00 target price for the company.

Ally Financial Stock Up 0.2 %

Shares of ALLY opened at $41.94 on Thursday. The firm has a market cap of $12.75 billion, a P/E ratio of 17.12, a PEG ratio of 0.49 and a beta of 1.41. Ally Financial has a 12 month low of $22.54 and a 12 month high of $44.50. The stock’s 50 day moving average is $40.04 and its two-hundred day moving average is $38.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.33. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. Analysts predict that Ally Financial will post 3.26 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

Institutional Trading of Ally Financial

Several hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in shares of Ally Financial during the 1st quarter worth approximately $28,000. Northwest Financial Advisors purchased a new position in shares of Ally Financial during the 4th quarter worth approximately $31,000. Rise Advisors LLC purchased a new position in shares of Ally Financial during the 1st quarter worth approximately $32,000. Quarry LP boosted its position in shares of Ally Financial by 165.7% during the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 598 shares during the period. Finally, SYSTM Wealth Solutions LLC boosted its position in shares of Ally Financial by 571.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 789 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

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.