Ally Financial (NYSE:ALLY) Hits New 12-Month Low - Time to Sell?

Ally Financial Inc. (NYSE:ALLY - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $29.52 and last traded at $33.77, with a volume of 7773819 shares traded. The stock had previously closed at $30.57.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $37.00 to $41.00 in a report on Monday, April 7th. BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a report on Tuesday, March 25th. Royal Bank of Canada lifted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $42.41.

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Ally Financial Price Performance

The stock's 50-day moving average is $35.63 and its two-hundred day moving average is $36.28. The company has a market capitalization of $9.99 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. On average, equities analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Friday, January 31st. Ally Financial's payout ratio is presently 46.15%.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the business's stock in a transaction on Monday, January 27th. The shares were acquired at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ally Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. Principal Securities Inc. boosted its stake in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Ally Financial during the 4th quarter worth $43,000. UMB Bank n.a. increased its position in Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,061 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after acquiring an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Ally Financial during the fourth quarter valued at about $78,000. Hedge funds and other 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.