Ally Financial (NYSE:ALLY) Upgraded at Compass Point

Compass Point upgraded shares of Ally Financial (NYSE:ALLY) from a neutral rating to a buy rating in a research report sent to investors on Monday, Marketbeat.com reports. They currently have $41.00 price target on the financial services provider’s stock, up from their prior price target of $37.00.

ALLY has been the topic of a number of other research reports. Truist Financial decreased their target price on shares of Ally Financial from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company upped their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada raised their target price on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.41.

Ally Financial Stock Performance

Ally Financial stock opened at $33.77 on Monday. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $36.00 and a 200-day simple moving average of $36.32. Ally Financial has a 1-year low of $29.52 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that Ally Financial will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction on 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 acquisition, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rhodes bought 25,634 shares of the company’s stock in a transaction on Monday, January 27th. The shares were acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Ally Financial

Several institutional investors have recently made changes to their positions in ALLY. Principal Securities Inc. increased its holdings in shares of Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Ally Financial in the fourth quarter valued at about $43,000. UMB Bank n.a. lifted its position in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares during the period. Harbour Investments Inc. lifted its position in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Ally Financial in the 4th quarter worth approximately $78,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

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.