Ally Financial Inc. (NYSE:ALLY) Receives $42.06 Average Price Target from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY - Get Free Report) have been given an average recommendation of "Hold" by the eighteen brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.69.

A number of research firms have recently commented on ALLY. Truist Financial cut their target price on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. Royal Bank of Canada restated an "outperform" rating and set a $40.00 price objective on shares of Ally Financial in a research note on Monday. Wells Fargo & Company dropped their target price on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Barclays raised their price target on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th.

Ally Financial Stock Up 2.1 %

Shares of Ally Financial stock traded up $0.67 during trading on Friday, hitting $32.08. The company's stock had a trading volume of 3,987,096 shares, compared to its average volume of 3,516,568. Ally Financial has a 52 week low of $29.52 and a 52 week high of $45.46. The company has a market capitalization of $9.85 billion, a PE ratio of 12.30, a P/E/G ratio of 0.32 and a beta of 1.12. The company has a fifty day simple moving average of $34.88 and a two-hundred day simple moving average of $36.13. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $0.45 earnings per share. Equities research analysts predict that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Insider Activity at Ally Financial

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction on Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ally Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Copia Wealth Management purchased a new position in shares of Ally Financial during the 1st quarter valued at $27,000. Bessemer Group Inc. raised its holdings in Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 377 shares during the period. Principal Securities Inc. lifted its position in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 496 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Ally Financial in the fourth quarter worth about $43,000. Finally, UMB Bank n.a. grew its position in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,061 shares in the last quarter. 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.