Analysts Set Ally Financial Inc. (NYSE:ALLY) Price Target at $43.76

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has been given a consensus recommendation of "Hold" by the nineteen analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $42.53.

A number of equities analysts have issued reports on ALLY shares. Wells Fargo & Company increased their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada increased their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Wolfe Research cut shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a research report on Thursday, December 5th. Truist Financial upped their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group lifted their target price on shares of Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, January 23rd.

Ally Financial Trading Up 0.5 %

Shares of ALLY traded up $0.18 during trading hours on Tuesday, reaching $37.50. 6,160,333 shares of the company traded hands, compared to its average volume of 3,397,103. Ally Financial has a 12 month low of $31.95 and a 12 month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company's fifty day moving average price is $37.09 and its two-hundred day moving average price is $36.33. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40.

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Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share 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 business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. Equities research analysts predict that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is 46.15%.

Insider Activity

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average price 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 in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction on Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, for a total transaction 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 approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On Ally Financial

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Ally Financial during the fourth quarter valued at approximately $75,483,000. Jacobs Levy Equity Management Inc. grew its position in shares of Ally Financial by 84.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after acquiring an additional 1,918,965 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Ally Financial by 233.4% during the 4th 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 acquiring an additional 1,701,264 shares during the period. Phoenix Financial Ltd. increased its stake in shares of Ally Financial by 86.4% in the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after purchasing an additional 1,571,027 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Ally Financial by 6,226.4% in the 4th 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 during the period. Institutional investors own 88.76% of the company's stock.

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.