Ally Financial Inc. (NYSE:ALLY) Receives $42.80 Consensus Price Target from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have earned an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.80.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Ally Financial from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ally Financial in a report on Monday, July 14th. Morgan Stanley reiterated an “overweight” rating and set a $47.00 price target (up from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. Citigroup reiterated a “buy” rating and set a $59.00 price target (up from $55.00) on shares of Ally Financial in a report on Wednesday, July 2nd. Finally, Compass Point upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $41.00 in a report on Monday, April 7th.

Ally Financial Stock Down 0.5%

Shares of NYSE ALLY opened at $38.32 on Monday. The firm’s 50-day moving average price is $37.80 and its 200-day moving average price is $36.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 0.30 and a beta of 1.15. Ally Financial has a 12-month low of $29.52 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.21. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. On average, equities research analysts anticipate that Ally Financial will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.20 annualized dividend and a yield of 3.13%. Ally Financial’s dividend payout ratio (DPR) is 77.92%.

Institutional Investors Weigh In On Ally Financial

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in Ally Financial in the first quarter valued at approximately $1,998,000. Teacher Retirement System of Texas acquired a new stake in Ally Financial in the first quarter valued at approximately $1,462,000. Bessemer Group Inc. boosted its stake in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 377 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Ally Financial by 56.3% in the first quarter. Janney Montgomery Scott LLC now owns 67,630 shares of the financial services provider’s stock valued at $2,466,000 after acquiring an additional 24,372 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Ally Financial by 40.6% in the first quarter. GAMMA Investing LLC now owns 3,295 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 952 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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.