Ally Financial Inc. (NYSE:ALLY) Receives $43.76 Consensus Target Price from Analysts

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has earned an average rating of "Hold" from the nineteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $43.76.

A number of brokerages have recently issued reports on ALLY. Wolfe Research downgraded shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. Wells Fargo & Company raised their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. StockNews.com downgraded Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, Truist Financial lifted their price target on Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, January 28th.

Remove Ads

Insider Activity

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. The trade was a 10.39 % 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 insiders.

Hedge Funds Weigh In On Ally Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Ally Financial during the 4th quarter worth approximately $75,483,000. Jacobs Levy Equity Management Inc. lifted its stake in Ally Financial by 84.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock worth $151,320,000 after purchasing an additional 1,918,965 shares during the period. Assenagon Asset Management S.A. boosted 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 valued at $87,509,000 after purchasing an additional 1,701,264 shares in the last quarter. Phoenix Financial Ltd. boosted its position in Ally Financial by 86.4% in the fourth quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock valued at $122,077,000 after buying an additional 1,571,027 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Ally Financial by 6,226.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock worth $49,285,000 after purchasing an additional 1,347,020 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Down 5.7 %

Shares of Ally Financial stock traded down $2.11 during trading hours on Friday, reaching $34.99. 1,580,652 shares of the company were exchanged, compared to its average volume of 3,471,199. Ally Financial has a 1 year low of $31.95 and a 1 year high of $45.46. The stock's fifty day moving average is $37.28 and its 200 day moving average is $37.18. 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 firm has a market cap of $10.75 billion, a PE ratio of 13.50, a PEG ratio of 0.32 and a beta of 1.45.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. As a group, equities research analysts forecast that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.43%. Ally Financial's dividend payout ratio is currently 46.15%.

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.