Piper Jaffray Companies reissued their buy rating on shares of Ally Financial (NYSE:ALLY) in a research note issued to investors on Thursday. Piper Jaffray Companies currently has a $32.00 target price on the financial services provider’s stock.
Several other analysts have also recently commented on the company. Goldman Sachs Group assumed coverage on Ally Financial in a research report on Monday. They issued a buy rating and a $32.00 target price on the stock. Wells Fargo & Company assumed coverage on Ally Financial in a research report on Friday, December 1st. They issued an outperform rating and a $30.00 target price on the stock. Morgan Stanley restated an equal weight rating and issued a $28.00 target price (up from $26.00) on shares of Ally Financial in a research report on Thursday, November 30th. BidaskClub cut Ally Financial from a strong-buy rating to a buy rating in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded Ally Financial from a sell rating to a hold rating and set a $29.00 target price on the stock in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Ally Financial presently has an average rating of Buy and a consensus target price of $28.00.
Ally Financial (NYSE ALLY) traded up $0.28 on Thursday, reaching $28.65. The company had a trading volume of 3,115,900 shares, compared to its average volume of 4,293,699. Ally Financial has a 12-month low of $18.11 and a 12-month high of $28.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. The firm has a market cap of $12,670.00, a PE ratio of 12.40, a P/E/G ratio of 2.45 and a beta of 1.45.
Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm earned $0.56 EPS. equities analysts predict that Ally Financial will post 2.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Tuesday, October 31st. Ally Financial’s payout ratio is currently 22.33%.
A number of hedge funds and other institutional investors have recently modified their holdings of ALLY. Toronto Dominion Bank boosted its stake in shares of Ally Financial by 23.0% during the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,070 shares in the last quarter. Capital Management Associates NY bought a new stake in shares of Ally Financial during the 3rd quarter worth $203,000. Capstone Asset Management Co. bought a new stake in shares of Ally Financial during the 2nd quarter worth $208,000. Crossmark Global Holdings Inc. bought a new stake in shares of Ally Financial during the 3rd quarter worth $241,000. Finally, Twin Tree Management LP bought a new stake in shares of Ally Financial during the 2nd quarter worth $215,000.
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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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