Brokerages Set Ally Financial Inc. (NYSE:ALLY) Target Price at $40.69

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has been assigned an average rating of "Hold" from the seventeen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $40.69.

Several equities analysts have weighed in on the stock. Raymond James raised shares of Ally Financial from an "underperform" rating to a "market perform" rating in a report on Monday, October 21st. BTIG Research lowered shares of Ally Financial from a "buy" rating to a "neutral" rating in a research report on Monday, September 16th. JPMorgan Chase & Co. upgraded Ally Financial from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $46.00 to $40.00 in a research note on Monday, October 7th. TD Cowen dropped their price objective on Ally Financial from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, September 23rd. Finally, Citigroup increased their price target on shares of Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, November 15th.

Institutional Trading of Ally Financial

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Ally Financial during the third quarter worth $450,000. Toronto Dominion Bank grew 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 purchasing an additional 8,217 shares during the last quarter. Neo Ivy Capital Management raised its stake in Ally Financial by 117.7% during the third quarter. Neo Ivy Capital Management now owns 15,658 shares of the financial services provider's stock worth $558,000 after purchasing an additional 8,466 shares during the period. MML Investors Services LLC grew its position in Ally Financial by 8.5% in the third quarter. MML Investors Services LLC now owns 14,870 shares of the financial services provider's stock valued at $529,000 after acquiring an additional 1,167 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Ally Financial by 23.7% during the 3rd quarter. National Bank of Canada FI now owns 40,249 shares of the financial services provider's stock worth $1,432,000 after purchasing an additional 7,708 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Price Performance

Shares of NYSE ALLY traded down $0.04 during mid-day trading on Wednesday, hitting $35.53. 2,015,752 shares of the stock traded hands, compared to its average volume of 3,471,960. The company has a market cap of $10.83 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. Ally Financial has a twelve month low of $26.50 and a twelve month high of $45.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $35.12 and a two-hundred day simple moving average of $38.70.

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

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. Ally Financial's dividend payout ratio (DPR) is presently 48.00%.

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.