Ally Financial Inc. (NYSE:ALLY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $45.6667.

A number of research firms recently weighed in on ALLY. Wells Fargo & Company raised shares of Ally Financial from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $37.00 to $45.00 in a report on Tuesday, September 2nd. Morgan Stanley upped their target price on shares of Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Ally Financial in a research note on Tuesday. TD Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $43.00 to $50.00 in a research report on Monday, October 20th. Finally, Keefe, Bruyette & Woods decreased their price objective on Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st.

Insider Buying and Selling at Ally Financial

In related news, insider Kathleen L. Patterson sold 29,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total value of $1,184,940.00. Following the completion of the sale, the insider owned 100,203 shares of the company’s stock, valued at $4,094,294.58. This represents a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ally Financial

Large investors have recently bought and sold shares of the stock. WPG Advisers LLC acquired a new stake in shares of Ally Financial in the 1st quarter worth approximately $25,000. SVB Wealth LLC bought a new stake in Ally Financial during the first quarter worth approximately $27,000. Allworth Financial LP lifted its position in Ally Financial by 385.2% in the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 597 shares during the period. Mather Group LLC. acquired a new stake in Ally Financial in the third quarter worth approximately $31,000. Finally, Hantz Financial Services Inc. boosted its stake in Ally Financial by 662.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 715 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Up 0.4%

NYSE:ALLY opened at $41.30 on Friday. The firm has a market capitalization of $12.72 billion, a P/E ratio of 24.88, a P/E/G ratio of 0.28 and a beta of 1.21. The business has a 50 day simple moving average of $39.78 and a 200 day simple moving average of $39.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial has a 12-month low of $29.52 and a 12-month high of $44.83.

Ally Financial (NYSE:ALLY) last issued its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. The firm had revenue of $2.06 billion for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%. Equities research analysts predict that Ally Financial will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. Ally Financial’s dividend payout ratio is presently 72.29%.

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.