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

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has earned a consensus recommendation of "Hold" from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $43.76.

A number of brokerages have recently issued reports on ALLY. Jefferies Financial Group increased their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Wolfe Research cut Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. Citigroup boosted their price target on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Morgan Stanley increased their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd.

Ally Financial Stock Performance

ALLY stock traded up $0.04 on Monday, reaching $38.29. 2,602,113 shares of the company were exchanged, compared to its average volume of 3,918,172. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial has a 12 month low of $31.95 and a 12 month high of $45.46. The stock's fifty day moving average price is $37.22 and its 200 day moving average price is $37.64. The firm has a market capitalization of $11.67 billion, a PE ratio of 14.73, a PEG ratio of 0.43 and a beta of 1.45.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's revenue was up 3.6% on a year-over-year basis. On average, research analysts anticipate that Ally Financial will post 3.69 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. Ally Financial's payout ratio is 46.15%.

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on 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 approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Ally Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in Ally Financial by 68.8% in the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider's stock valued at $2,455,000 after acquiring an additional 28,114 shares during the last quarter. Oak Thistle LLC acquired a new stake in Ally Financial in the 4th quarter valued at about $1,112,000. CWA Asset Management Group LLC bought a new stake in Ally Financial in the third quarter valued at approximately $1,338,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ally Financial by 58.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider's stock valued at $1,796,000 after buying an additional 18,671 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Ally Financial during the 3rd quarter worth approximately $21,571,000. 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.