Ally Financial Inc. (NYSE:ALLY) Given Average Rating of "Hold" by Brokerages

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has been given an average recommendation of "Hold" by the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $43.76.

Several brokerages have weighed in on ALLY. Jefferies Financial Group lifted their price objective on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada boosted their price target on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted 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. Barclays boosted their price target on Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their target price on Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd.

Insider Activity at Ally Financial

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC increased its position in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 577 shares during the last quarter. Principal Securities Inc. boosted its stake in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after purchasing an additional 496 shares during the period. Kestra Investment Management LLC bought a new position in Ally Financial in the 4th quarter worth about $43,000. Allworth Financial LP boosted its stake in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock worth $51,000 after purchasing an additional 421 shares during the period. Finally, UMB Bank n.a. boosted its stake in Ally Financial by 218.8% in the 4th 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 during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Down 0.0 %

Shares of NYSE:ALLY traded down $0.01 during midday trading on Monday, reaching $38.21. The company had a trading volume of 500,193 shares, compared to its average volume of 3,778,499. The business's 50 day moving average price is $37.28 and its 200 day moving average price is $37.69. The stock has a market cap of $11.64 billion, a PE ratio of 14.70, a P/E/G ratio of 0.43 and a beta of 1.45. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial has a 1-year low of $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts forecast that Ally Financial will post 3.7 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial's payout ratio is presently 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.