Ally Financial Inc. (NYSE:ALLY) Given Average Rating of “Moderate Buy” by Analysts

Ally Financial Inc. (NYSE:ALLY) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $54.1429.

A number of analysts recently commented on the company. Weiss Ratings lowered Ally Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Bank of America raised their price target on Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Ally Financial in a research report on Monday, January 12th. JPMorgan Chase & Co. lowered their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Morgan Stanley raised their price objective on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, April 20th.

Insider Buying and Selling

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the transaction, the insider owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Ally Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Ally Financial during the fourth quarter valued at $29,000. Mather Group LLC. bought a new position in shares of Ally Financial during the third quarter valued at $31,000. Fideuram Asset Management Ireland dac bought a new position in shares of Ally Financial during the fourth quarter valued at $35,000. Safe Harbor Fiduciary LLC bought a new position in shares of Ally Financial during the fourth quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ally Financial during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY stock opened at $43.21 on Wednesday. The stock has a fifty day moving average of $40.65 and a 200 day moving average of $41.70. Ally Financial has a 52 week low of $32.28 and a 52 week high of $47.27. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.26 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The firm’s revenue was up 36.4% on a year-over-year basis. As a group, research analysts expect that Ally Financial will post 5.3 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.20 annualized dividend and a yield of 2.8%. Ally Financial’s dividend payout ratio (DPR) is currently 29.27%.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.