Ally Financial (NYSE:ALLY) Given New $45.00 Price Target at Evercore ISI

Ally Financial (NYSE:ALLY) had its target price increased by Evercore ISI from $43.00 to $45.00 in a report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on ALLY. Compass Point upped their price objective on Ally Financial from $28.00 to $37.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. BMO Capital Markets raised their price target on shares of Ally Financial from $36.00 to $37.00 and gave the company a market perform rating in a report on Friday, April 19th. Wells Fargo & Company boosted their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the stock an underweight rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. downgraded shares of Ally Financial from a neutral rating to an underweight rating and raised their target price for the company from $37.00 to $39.00 in a research note on Wednesday, April 3rd. Finally, Bank of America raised Ally Financial from a neutral rating to a buy rating and upped their price target for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $41.00.

Ally Financial Stock Up 0.2 %

NYSE:ALLY opened at $39.65 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $12.05 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 0.48 and a beta of 1.41. The company has a 50-day moving average of $39.31 and a 200 day moving average of $37.41. Ally Financial has a 1-year low of $22.54 and a 1-year high of $41.77.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, research analysts anticipate that Ally Financial will post 3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.03%. The ex-dividend date was Tuesday, April 30th. Ally Financial’s payout ratio is 48.98%.

Institutional Trading of Ally Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in ALLY. Boston Partners purchased a new stake in Ally Financial in the first quarter valued at $152,079,000. Scout Investments Inc. purchased a new stake in shares of Ally Financial in the fourth quarter worth about $63,080,000. Norges Bank acquired a new stake in Ally Financial during the fourth quarter worth about $62,869,000. Ancient Art L.P. purchased a new position in Ally Financial during the third quarter valued at approximately $41,429,000. Finally, Jennison Associates LLC acquired a new position in Ally Financial in the first quarter valued at approximately $52,252,000. Institutional investors and hedge funds 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.