Ally Financial Inc. (NYSE:ALLY) Receives $44.40 Consensus PT from Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $44.9286.

Several equities analysts recently issued reports on ALLY shares. BTIG Research raised Ally Financial from a “sell” rating to a “neutral” rating in a research note on Monday, July 14th. Wells Fargo & Company raised Ally Financial from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $37.00 to $45.00 in a research note on Tuesday, September 2nd. Truist Financial increased their target price on Ally Financial from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on Ally Financial from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Citigroup increased their price target on Ally Financial from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, September 15th.

Institutional Investors Weigh In On Ally Financial

Hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC acquired a new stake in Ally Financial in the 1st quarter valued at about $25,000. Copia Wealth Management purchased a new position in shares of Ally Financial in the 1st quarter valued at about $27,000. SVB Wealth LLC purchased a new position in shares of Ally Financial in the 1st quarter valued at about $27,000. Allworth Financial LP increased its holdings in shares of Ally Financial by 385.2% in the 2nd quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 597 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Ally Financial by 662.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 715 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Price Performance

ALLY opened at $43.51 on Tuesday. The stock’s 50-day moving average price is $39.94 and its 200 day moving average price is $36.97. Ally Financial has a 12-month low of $29.52 and a 12-month high of $44.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 0.34 and a beta of 1.13.

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.21. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the company earned $0.97 EPS. Ally Financial’s revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Ally Financial’s dividend payout ratio (DPR) is currently 77.92%.

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.