Shares of Ally Financial Inc. (NYSE:ALLY – Get Rating) have been given an average rating of “Hold” by the twenty brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $36.03.
ALLY has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Ally Financial from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, October 18th. S&P Equity Research set a $29.50 price objective on shares of Ally Financial in a report on Monday, November 14th. Citigroup dropped their price objective on shares of Ally Financial from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, October 20th. TheStreet downgraded shares of Ally Financial from a “b-” rating to a “c+” rating in a research report on Wednesday, October 19th. Finally, BMO Capital Markets decreased their price objective on shares of Ally Financial from $66.00 to $46.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th.
Insider Buying and Selling at Ally Financial
In related news, Director Marjorie Magner acquired 2,000 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was bought at an average cost of $27.43 per share, with a total value of $54,860.00. Following the completion of the acquisition, the director now owns 55,603 shares in the company, valued at $1,525,190.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.57% of the company’s stock.
Institutional Trading of Ally Financial
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALLY. State Street Corp lifted its stake in Ally Financial by 3.3% in the 1st quarter. State Street Corp now owns 8,749,404 shares of the financial services provider’s stock valued at $380,424,000 after acquiring an additional 281,795 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ally Financial by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,526,831 shares of the financial services provider’s stock worth $181,671,000 after acquiring an additional 23,879 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Ally Financial by 5.6% during the 1st quarter. Royal Bank of Canada now owns 6,035,703 shares of the financial services provider’s stock worth $262,433,000 after acquiring an additional 320,049 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Ally Financial by 25.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,924,412 shares of the financial services provider’s stock worth $131,507,000 after acquiring an additional 789,658 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Ally Financial by 3.0% during the 1st quarter. LSV Asset Management now owns 3,752,758 shares of the financial services provider’s stock worth $163,170,000 after acquiring an additional 107,791 shares during the last quarter. 91.57% of the stock is currently owned by institutional investors and hedge funds.
Ally Financial Stock Performance
Ally Financial stock opened at $26.01 on Friday. The company has a 50 day moving average price of $28.70 and a 200-day moving average price of $33.51. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.87 and a current ratio of 0.88. Ally Financial has a fifty-two week low of $24.83 and a fifty-two week high of $53.83. The company has a market capitalization of $7.77 billion, a PE ratio of 4.39, a P/E/G ratio of 0.14 and a beta of 1.29.
Ally Financial (NYSE:ALLY – Get Rating) last posted its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.61). The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.17 billion. Ally Financial had a net margin of 24.78% and a return on equity of 19.51%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.16 EPS. As a group, equities analysts forecast that Ally Financial will post 6.05 earnings per share for the current year.
Ally Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were issued a $0.30 dividend. The ex-dividend date was Monday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 4.61%. Ally Financial’s dividend payout ratio is currently 20.24%.
About Ally Financial
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.
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