Ally Financial Inc. (NYSE:ALLY) Receives $41.73 Consensus Price Target from Analysts

Ally Financial Inc. (NYSE:ALLY) has been given an average recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $42.14.

ALLY has been the topic of several analyst reports. Barclays reduced their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 12th. TD Cowen decreased their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company decreased their target price on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Thursday, September 26th. Finally, Citigroup boosted their price target on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Ally Financial Price Performance

Shares of ALLY opened at $34.86 on Friday. The business has a 50-day simple moving average of $36.69 and a two-hundred day simple moving average of $38.48. Ally Financial has a 12-month low of $31.77 and a 12-month high of $45.46. The stock has a market cap of $10.62 billion, a PE ratio of 13.94, a PEG ratio of 0.46 and a beta of 1.42. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business earned $0.83 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts anticipate that Ally Financial will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.44%. Ally Financial’s dividend payout ratio is presently 48.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. Allspring Global Investments Holdings LLC grew its position in Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 526 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after buying an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Ally Financial during the second quarter worth about $41,000. Allworth Financial LP raised its holdings in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in Ally Financial during the 2nd quarter valued at about $52,000. Institutional investors 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.