Stephens upgraded shares of Ally Financial (NYSE:ALLY) from an equal rating to a weight rating in a research report report published on Monday morning, BenzingaRatingsTable reports. They currently have $44.00 price objective on the financial services provider’s stock, up from their previous price objective of $37.00.
Other equities analysts have also issued research reports about the stock. Citigroup set a $39.00 target price on shares of Ally Financial and gave the company a buy rating in a report on Friday, July 19th. Zacks Investment Research downgraded shares of Ally Financial from a buy rating to a hold rating and set a $33.00 price target on the stock. in a research note on Tuesday, July 2nd. Wells Fargo & Co reaffirmed a buy rating on shares of Ally Financial in a research note on Sunday, July 21st. BTIG Research lifted their price target on shares of Ally Financial to $39.00 and gave the stock a buy rating in a research note on Friday, July 19th. Finally, Barclays reaffirmed a buy rating on shares of Ally Financial in a research note on Sunday, July 21st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Ally Financial currently has an average rating of Buy and an average price target of $36.45.
NYSE:ALLY opened at $34.78 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.68 and a beta of 1.31. The firm’s fifty day simple moving average is $31.88 and its 200 day simple moving average is $29.90. Ally Financial has a twelve month low of $20.60 and a twelve month high of $35.11.
Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.09. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Ally Financial had a net margin of 26.59% and a return on equity of 10.89%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. On average, analysts predict that Ally Financial will post 3.74 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, July 31st. Ally Financial’s dividend payout ratio (DPR) is 20.36%.
In other news, insider Diane E. Morais sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the sale, the insider now owns 220,048 shares of the company’s stock, valued at approximately $7,338,600.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $31.32, for a total transaction of $69,593.04. Following the completion of the sale, the chief accounting officer now directly owns 105,757 shares of the company’s stock, valued at approximately $3,312,309.24. The disclosure for this sale can be found here. Insiders have sold a total of 21,666 shares of company stock worth $712,118 in the last ninety days. 0.35% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. bought a new stake in shares of Ally Financial in the 2nd quarter worth about $40,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Ally Financial in the 2nd quarter worth about $49,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Ally Financial by 102.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,242 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,132 shares during the last quarter. SG3 Management LLC bought a new stake in shares of Ally Financial in the 2nd quarter worth about $73,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Ally Financial in the 2nd quarter worth about $96,000. 95.50% of the stock is owned by institutional investors.
About Ally Financial
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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