Ally Financial Inc. (NYSE:ALLY) Receives $40.00 Consensus Price Target from Brokerages

Ally Financial Inc. (NYSE:ALLY) has been given a consensus recommendation of “Hold” by the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $41.00.

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Evercore ISI lifted their price target on shares of Ally Financial from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Citigroup began coverage on shares of Ally Financial in a research report on Monday, June 24th. They set a “buy” rating and a $50.00 target price for the company. Compass Point boosted their target price on shares of Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a report on Tuesday, April 9th.

Ally Financial Price Performance

ALLY stock opened at $39.67 on Friday. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.48 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. Ally Financial has a 12-month low of $22.54 and a 12-month high of $41.77. The company’s fifty day simple moving average is $39.31 and its 200 day simple moving average is $37.46.

Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.12. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. Ally Financial’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, analysts expect that Ally Financial will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Tuesday, April 30th. Ally Financial’s payout ratio is currently 48.98%.

Institutional Trading of Ally Financial

A number of institutional investors have recently modified their holdings of ALLY. Boston Partners purchased a new stake in shares of Ally Financial during the 1st quarter valued at approximately $152,079,000. Scout Investments Inc. purchased a new stake in shares of Ally Financial during the 4th quarter valued at approximately $63,080,000. Norges Bank purchased a new stake in shares of Ally Financial during the 4th quarter valued at approximately $62,869,000. Ancient Art L.P. purchased a new stake in shares of Ally Financial during the 3rd quarter valued at approximately $41,429,000. Finally, Jennison Associates LLC purchased a new stake in shares of Ally Financial during the 1st quarter valued at approximately $52,252,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

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.