Ally Financial Inc. (NYSE:ALLY) Receives $44.40 Average PT from Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have earned an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $44.40.

A number of research analysts recently commented on ALLY shares. Wells Fargo & Company upgraded Ally Financial from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $37.00 to $45.00 in a research report on Tuesday, September 2nd. BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. Citigroup raised their price target on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Ally Financial from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, July 21st.

Institutional Trading of Ally Financial

A number of hedge funds have recently made changes to their positions in ALLY. Fulton Bank N.A. lifted its stake in shares of Ally Financial by 1.3% in the second quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider’s stock worth $775,000 after acquiring an additional 260 shares during the period. Tidal Investments LLC lifted its stake in Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider’s stock valued at $946,000 after buying an additional 280 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Ally Financial by 0.7% in the first quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider’s stock valued at $1,472,000 after buying an additional 300 shares during the period. MAI Capital Management lifted its stake in Ally Financial by 45.1% in the second quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock valued at $38,000 after buying an additional 303 shares during the period. Finally, Econ Financial Services Corp lifted its stake in Ally Financial by 0.5% in the second quarter. Econ Financial Services Corp now owns 59,993 shares of the financial services provider’s stock valued at $2,337,000 after buying an additional 311 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Up 1.5%

ALLY stock opened at $44.60 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 0.34 and a beta of 1.14. The business’s fifty day moving average price is $39.80 and its two-hundred day moving average price is $36.82. Ally Financial has a fifty-two week low of $29.52 and a fifty-two week high of $44.76.

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

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial’s dividend payout ratio (DPR) is presently 77.92%.

About Ally Financial

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.