BidaskClub cut shares of Ally Financial Inc. (NYSE:ALLY) from a strong-buy rating to a buy rating in a research report released on Friday, November 10th.
ALLY has been the subject of a number of other research reports. Stephens cut Ally Financial from an equal weight rating to an underweight rating and reduced their price objective for the company from $23.00 to $20.00 in a research note on Monday, July 17th. TheStreet raised Ally Financial from a c rating to a b- rating in a research note on Wednesday, July 19th. Piper Jaffray Companies reissued a buy rating on shares of Ally Financial in a research note on Friday, July 28th. Sanford C. Bernstein reaffirmed an outperform rating and set a $31.00 target price (up previously from $30.00) on shares of Ally Financial in a research report on Sunday, July 30th. Finally, Jefferies Group LLC reissued a buy rating and issued a $28.00 price objective on shares of Ally Financial in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $26.93.
Ally Financial (ALLY) opened at $26.37 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21. Ally Financial has a 12-month low of $18.11 and a 12-month high of $26.93. The stock has a market capitalization of $11,669.29, a P/E ratio of 11.73, a P/E/G ratio of 2.32 and a beta of 1.46.
Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.08. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. During the same period last year, the firm posted $0.56 earnings per share. research analysts anticipate that Ally Financial will post 2.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.82%. Ally Financial’s dividend payout ratio (DPR) is currently 22.22%.
Several hedge funds have recently added to or reduced their stakes in ALLY. Public Employees Retirement System of Ohio increased its holdings in shares of Ally Financial by 8.2% in the third quarter. Public Employees Retirement System of Ohio now owns 196,023 shares of the financial services provider’s stock worth $4,756,000 after purchasing an additional 14,834 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Ally Financial during the 3rd quarter valued at about $342,000. Sterling Capital Management LLC boosted its position in shares of Ally Financial by 14.6% during the 3rd quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,300 shares in the last quarter. First Heartland Consultants Inc. boosted its position in shares of Ally Financial by 7.1% during the 3rd quarter. First Heartland Consultants Inc. now owns 53,181 shares of the financial services provider’s stock valued at $1,290,000 after purchasing an additional 3,513 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new position in shares of Ally Financial during the 3rd quarter valued at about $358,000.
Ally Financial Company Profile
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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