Ally Financial Inc. (NYSE:ALLY) Receives $41.69 Average Price Target from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned an average rating of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $41.69.

A number of analysts have recently weighed in on ALLY shares. Truist Financial cut their price target on shares of Ally Financial from $45.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price target on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Jefferies Financial Group upped their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, April 21st. Finally, StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Thursday.

Insider Activity at Ally Financial

In other news, insider Stephanie N. Richard sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, the insider now directly owns 90,387 shares in the company, valued at approximately $2,905,038.18. The trade was a 8.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares in the company, valued at approximately $7,284,131.01. The trade was a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ally Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oak Thistle LLC bought a new stake in Ally Financial during the 4th quarter valued at $1,112,000. Wealthcare Advisory Partners LLC bought a new stake in Ally Financial during the 4th quarter valued at $461,000. New York State Common Retirement Fund raised its holdings in Ally Financial by 11.6% in the 4th quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider’s stock worth $6,829,000 after purchasing an additional 19,785 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in Ally Financial by 16.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider’s stock worth $5,327,000 after purchasing an additional 20,569 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after purchasing an additional 1,701,264 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

Shares of ALLY stock opened at $36.03 on Wednesday. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50-day simple moving average of $33.91 and a 200 day simple moving average of $35.97. Ally Financial has a 52 week low of $29.52 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, sell-side analysts predict that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial’s dividend payout ratio (DPR) is currently 88.24%.

Ally Financial Company Profile

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.