Ally Financial Inc. (NYSE:ALLY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have been given a consensus recommendation of “Hold” by the eighteen research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $42.06.

Several research analysts have recently commented on ALLY shares. Compass Point upgraded Ally Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company raised their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Bank of America lowered their price objective on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Finally, Barclays raised their target price on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

Ally Financial Price Performance

ALLY stock opened at $31.61 on Friday. The stock’s 50 day moving average is $35.14 and its two-hundred day moving average is $36.18. Ally Financial has a 52-week low of $29.52 and a 52-week high of $45.46. The company has a market capitalization of $9.71 billion, a PE ratio of 12.16, a P/E/G ratio of 0.32 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 1.51.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same period last year, the business earned $0.45 EPS. Analysts predict that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.80%. Ally Financial’s dividend payout ratio is currently 88.24%.

Insiders Place Their Bets

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ally Financial

Institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in shares of Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider’s stock worth $946,000 after buying an additional 280 shares during the period. EP Wealth Advisors LLC lifted its position in shares of Ally Financial by 4.9% in the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 297 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 320 shares during the period. Signet Financial Management LLC grew its position in Ally Financial by 5.6% during the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 357 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in Ally Financial by 5.9% during the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

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.