Ally Financial Inc. (NYSE:ALLY) Receives $33.26 Consensus Price Target from Analysts

Shares of Ally Financial Inc. (NYSE:ALLY – Get Rating) have received a consensus rating of “Hold” from the twenty-one brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.26.

Several equities analysts recently issued reports on ALLY shares. JPMorgan Chase & Co. decreased their price objective on Ally Financial from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. StockNews.com began coverage on shares of Ally Financial in a research report on Thursday, May 18th. They set a “hold” rating for the company. The Goldman Sachs Group boosted their price objective on shares of Ally Financial from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, January 23rd. Piper Sandler lifted their price target on Ally Financial from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, April 20th. Finally, Credit Suisse Group reduced their price objective on Ally Financial from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, January 23rd.

Ally Financial Stock Up 1.7 %

Shares of NYSE ALLY opened at $26.88 on Friday. Ally Financial has a 52-week low of $21.58 and a 52-week high of $44.33. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market cap of $8.09 billion, a P/E ratio of 6.60 and a beta of 1.34. The firm has a 50 day moving average price of $25.45 and a 200 day moving average price of $27.06.

Ally Financial (NYSE:ALLY – Get Rating) last released its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.06). Ally Financial had a net margin of 16.42% and a return on equity of 14.79%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company earned $2.03 EPS. Ally Financial’s quarterly revenue was down 4.1% on a year-over-year basis. Analysts expect that Ally Financial will post 3.51 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Friday, April 28th. Ally Financial’s dividend payout ratio (DPR) is presently 29.48%.

Hedge Funds Weigh In On Ally Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. WealthPLAN Partners LLC bought a new stake in shares of Ally Financial in the first quarter valued at about $25,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Ally Financial during the 4th quarter worth approximately $28,000. Salem Investment Counselors Inc. increased its holdings in shares of Ally Financial by 115.0% during the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 345 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Ally Financial by 167.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,200 shares of the financial services provider’s stock valued at $31,000 after buying an additional 751 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Ally Financial by 145.4% in the third quarter. Global Retirement Partners LLC now owns 1,367 shares of the financial services provider’s stock valued at $38,000 after buying an additional 810 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Company Profile

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Ally Financial, Inc engages in the provision of online banking, securities brokerage, and investment advisory services. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, Corporate Finance Operations, and Corporate and Other. The Automotive Finance Operations segment offers retail installment sales contracts, loans, and operating leases, offering term loans to dealers, financing dealer floor plans and other lines of credit to dealers, warehouse lines to automotive retailers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.