Ally Financial Inc. (NYSE:ALLY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY – Get Rating) have received an average rating of “Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $59.92.

ALLY has been the subject of several analyst reports. Wells Fargo & Company cut their target price on shares of Ally Financial from $57.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, April 18th. StockNews.com initiated coverage on shares of Ally Financial in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group lifted their target price on shares of Ally Financial from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Monday, January 24th. Raymond James reduced their price target on Ally Financial from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, April 18th. Finally, JPMorgan Chase & Co. downgraded Ally Financial from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $65.00 to $56.00 in a research report on Wednesday, January 19th.

Shares of ALLY opened at $40.60 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88. Ally Financial has a 1-year low of $39.62 and a 1-year high of $56.61. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.16 and a beta of 1.32. The firm has a 50 day simple moving average of $43.65 and a 200-day simple moving average of $47.11.

Ally Financial (NYSE:ALLY – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.10. Ally Financial had a return on equity of 20.89% and a net margin of 34.73%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the business posted $2.09 earnings per share. Ally Financial’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Ally Financial will post 7.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be issued a $0.30 dividend. The ex-dividend date is Friday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.96%. Ally Financial’s dividend payout ratio (DPR) is 15.09%.

In other Ally Financial news, insider Jason E. Schugel sold 2,500 shares of Ally Financial stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $45.00, for a total transaction of $112,500.00. Following the transaction, the insider now directly owns 82,476 shares of the company’s stock, valued at $3,711,420. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.57% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ALLY. Morgan Stanley increased its position in shares of Ally Financial by 4.5% during the third quarter. Morgan Stanley now owns 15,419,322 shares of the financial services provider’s stock worth $787,157,000 after acquiring an additional 667,877 shares during the last quarter. First Trust Advisors LP grew its position in shares of Ally Financial by 42.1% during the fourth quarter. First Trust Advisors LP now owns 4,171,050 shares of the financial services provider’s stock worth $198,584,000 after buying an additional 1,236,136 shares in the last quarter. Sixth Street Partners Management Company L.P. increased its stake in shares of Ally Financial by 7.6% in the fourth quarter. Sixth Street Partners Management Company L.P. now owns 3,544,954 shares of the financial services provider’s stock worth $168,775,000 after buying an additional 250,000 shares during the last quarter. Norges Bank acquired a new stake in Ally Financial in the fourth quarter valued at $168,454,000. Finally, Artemis Investment Management LLP boosted its stake in Ally Financial by 37.0% during the 4th quarter. Artemis Investment Management LLP now owns 3,249,060 shares of the financial services provider’s stock valued at $154,520,000 after acquiring an additional 877,609 shares during the last quarter. 94.42% of the stock is currently owned by institutional investors.

Ally Financial Company Profile (Get Rating)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.

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