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

Shares of Ally Financial Inc. (NYSE:ALLY) have been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $41.69.

ALLY has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. BTIG Research cut Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a research note on Tuesday, March 25th. Wells Fargo & Company decreased their price objective on Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. StockNews.com cut Ally Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th. Finally, Bank of America decreased their price objective on Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, April 7th.

Ally Financial Stock Up 0.8%

Shares of ALLY opened at $36.68 on Wednesday. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The business’s fifty day moving average price is $33.79 and its two-hundred day moving average price is $35.96. Ally Financial has a 52 week low of $29.52 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, analysts predict that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.27%. Ally Financial’s dividend payout ratio (DPR) is 88.24%.

Insider Activity

In related news, insider Stephanie N. Richard sold 8,000 shares of the company’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the sale, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson bought 8,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer now directly owns 236,421 shares of the company’s stock, valued at $7,284,131.01. This represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Ally Financial

Several institutional investors and hedge funds have recently bought and sold shares of ALLY. Oak Thistle LLC bought a new stake in Ally Financial during the fourth quarter worth about $1,112,000. Assenagon Asset Management S.A. raised its holdings in Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after acquiring an additional 1,701,264 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Ally Financial during the fourth quarter worth about $230,000. Wealthcare Advisory Partners LLC bought a new stake in Ally Financial during the fourth quarter worth about $461,000. Finally, HB Wealth Management LLC acquired a new position in Ally Financial during the fourth quarter worth approximately $227,000. Institutional investors own 88.76% of the company’s stock.

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.