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

Shares of Ally Financial Inc. (NYSE:ALLYGet Rating) have been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $59.92.

Several equities analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Ally Financial from $73.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Wells Fargo & Company cut their target price on shares of Ally Financial from $57.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, April 18th. Raymond James cut their target price on shares of Ally Financial from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, April 18th. Piper Sandler cut their target price on shares of Ally Financial from $54.00 to $47.00 and set a “neutral” rating on the stock in a report on Monday, April 18th. Finally, StockNews.com initiated coverage on shares of Ally Financial in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of ALLY stock opened at $43.16 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.86 and a current ratio of 0.86. Ally Financial has a one year low of $37.05 and a one year high of $56.61. The company’s 50-day simple moving average is $42.01 and its 200-day simple moving average is $45.82. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.15 and a beta of 1.32.

Ally Financial (NYSE:ALLYGet Rating) last issued its quarterly earnings results on Thursday, April 14th. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.93 by $0.10. Ally Financial had a net margin of 34.73% and a return on equity of 21.56%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $2.09 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts forecast that Ally Financial will post 7.84 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Monday, May 2nd were paid a dividend of $0.30 per share. The ex-dividend date was Friday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.78%. Ally Financial’s dividend payout ratio is presently 15.09%.

In related news, insider Jason E. Schugel sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $49.21, for a total transaction of $123,025.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Raleigh Capital Management Inc. acquired a new position in Ally Financial in the 4th quarter worth approximately $29,000. Salem Investment Counselors Inc. boosted its stake in shares of Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after buying an additional 345 shares during the period. Concord Wealth Partners boosted its stake in shares of Ally Financial by 109.7% during the 4th quarter. Concord Wealth Partners now owns 646 shares of the financial services provider’s stock valued at $31,000 after buying an additional 338 shares during the period. Covestor Ltd acquired a new stake in shares of Ally Financial during the 4th quarter valued at $43,000. Finally, Versant Capital Management Inc boosted its stake in shares of Ally Financial by 1,510.6% during the 1st quarter. Versant Capital Management Inc now owns 1,063 shares of the financial services provider’s stock valued at $46,000 after buying an additional 997 shares during the period. 94.42% of the stock is owned by hedge funds and other 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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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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