Ally Financial (NYSE:ALLY) Price Target Lowered to $45.00 at Truist Financial

Ally Financial (NYSE:ALLY - Free Report) had its price target reduced by Truist Financial from $47.00 to $45.00 in a research report report published on Friday, Marketbeat.com reports. They currently have a buy rating on the financial services provider's stock.

A number of other equities analysts have also weighed in on ALLY. BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price for the company. in a research report on Tuesday, March 25th. Royal Bank of Canada increased their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. StockNews.com lowered Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group raised their price target on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ally Financial has an average rating of "Hold" and a consensus price target of $42.41.

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Ally Financial Price Performance

NYSE:ALLY traded up $3.20 on Friday, reaching $33.77. 7,773,740 shares of the company's stock traded hands, compared to its average volume of 3,512,885. The stock has a 50-day simple moving average of $36.23 and a 200-day simple moving average of $36.34. Ally Financial has a 12 month low of $29.46 and a 12 month high of $45.46. The firm has a market cap of $10.37 billion, a PE ratio of 12.99, a P/E/G ratio of 0.32 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company earned $0.45 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.55%. Ally Financial's dividend payout ratio is presently 46.15%.

Insider Activity at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson acquired 19,100 shares of the business's stock in a transaction on Friday, January 24th. The shares were bought at an average price 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 of the company's stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction on Monday, January 27th. The stock was acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Ally Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Securities Inc. raised its position in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Ally Financial during the fourth quarter valued at $43,000. UMB Bank n.a. raised its holdings in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,061 shares in the last quarter. Harbour Investments Inc. lifted its stake 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 during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Ally Financial during the 4th quarter worth about $78,000. 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.