Ally Financial Inc. (NYSE:ALLY - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $38.29 and traded as low as $35.59. Ally Financial shares last traded at $35.76, with a volume of 2,466,043 shares traded.
Wall Street Analysts Forecast Growth
ALLY has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Barclays reduced their target price on Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, September 12th. Wolfe Research downgraded shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 5th. Bank of America reduced their price objective on Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Ally Financial currently has an average rating of "Hold" and an average price target of $42.14.
View Our Latest Stock Analysis on ALLY
Ally Financial Stock Up 0.3 %
The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.46 and a beta of 1.42. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The business's 50-day moving average is $36.84 and its 200-day moving average is $38.26.
Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. On average, equities analysts predict that Ally Financial Inc. will post 3 EPS for the current year.
Ally Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors 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 annualized dividend and a yield of 3.35%. Ally Financial's dividend payout ratio is currently 48.00%.
Hedge Funds Weigh In On Ally Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its holdings in Ally Financial by 1.9% during the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock worth $557,000 after buying an additional 293 shares during the period. Maverick Capital Ltd. lifted its position in Ally Financial by 1.2% in the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider's stock valued at $930,000 after acquiring an additional 299 shares in the last quarter. Blue Trust Inc. boosted its stake in Ally Financial by 8.2% in the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider's stock worth $166,000 after purchasing an additional 352 shares during the period. Allworth Financial LP increased its holdings in Ally Financial by 41.9% during 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 in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Ally Financial by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 75,147 shares of the financial services provider's stock valued at $2,981,000 after purchasing an additional 480 shares during the period. Institutional investors own 88.76% of the company's stock.
Ally Financial Company Profile
(
Get Free Report)
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.
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