Ally Financial Inc. (NYSE:ALLY) Given Average Recommendation of “Hold” by Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have been given an average rating of “Hold” by the seventeen ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $41.73.

Several analysts have recently commented on ALLY shares. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. BTIG Research cut Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Morgan Stanley dropped their target price on Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company lowered their price objective on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Thursday, September 26th.

Ally Financial Price Performance

Shares of ALLY stock opened at $37.68 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s fifty day simple moving average is $36.65 and its 200 day simple moving average is $38.58. Ally Financial has a one year low of $31.77 and a one year high of $45.46. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 0.46 and a beta of 1.42.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 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 firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts expect that Ally Financial will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.18%. Ally Financial’s payout ratio is 48.00%.

Institutional Trading of Ally Financial

A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 278 shares during the period. CIBC Asset Management Inc lifted its stake in Ally Financial by 1.9% in the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock valued at $557,000 after buying an additional 293 shares during the period. Maverick Capital Ltd. lifted its stake in Ally Financial by 1.2% in the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock valued at $930,000 after buying an additional 299 shares during the period. Blue Trust Inc. boosted its holdings in shares of Ally Financial by 8.2% during the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock worth $166,000 after buying an additional 352 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after buying an additional 421 shares during the period. 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.