Ally Financial Inc. (NYSE:ALLY) Receives $41.73 Average Price Target from Analysts

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has received an average recommendation of "Hold" from the seventeen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $41.73.

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company decreased their price target on Ally Financial from $37.00 to $32.00 and set an "underweight" rating for the company in a research note on Thursday, September 26th. Bank of America dropped their target price on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. StockNews.com upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Saturday, October 19th. Finally, Citigroup raised their target price on Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, November 15th.

Ally Financial Trading Up 0.4 %

Shares of ALLY traded up $0.16 during trading hours on Friday, hitting $37.68. The stock had a trading volume of 2,415,159 shares, compared to its average volume of 3,461,070. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial has a 12-month low of $31.77 and a 12-month high of $45.46. The firm has a market cap of $11.48 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.46 and a beta of 1.42. The company's fifty day simple moving average is $36.65 and its 200 day simple moving average is $38.58.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. Equities research analysts forecast that Ally Financial will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, November 1st. Ally Financial's payout ratio is currently 48.00%.

Institutional Investors Weigh In On Ally Financial

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in Ally Financial by 184.7% in the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock valued at $19,044,000 after purchasing an additional 345,210 shares during the last quarter. Tidal Investments LLC lifted its holdings in Ally Financial by 5.8% in the third quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider's stock valued at $925,000 after acquiring an additional 1,416 shares during the period. Sanctuary Advisors LLC increased its holdings in Ally Financial by 26.1% in the third quarter. Sanctuary Advisors LLC now owns 22,516 shares of the financial services provider's stock valued at $852,000 after buying an additional 4,663 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Ally Financial during the 3rd quarter valued at approximately $450,000. Finally, Toronto Dominion Bank lifted its position in shares of Ally Financial by 31.3% in the third quarter. Toronto Dominion Bank now owns 34,495 shares of the financial services provider's stock valued at $1,228,000 after acquiring an additional 8,217 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

About Ally Financial

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.