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.
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.
- Get a free copy of the StockNews.com research report on Ally Financial (ALLY)
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