Ally Financial Inc. (NYSE:ALLY) Receives $43.76 Consensus Target Price from Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have received a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $42.53.

Several analysts have recently commented on ALLY shares. Truist Financial increased their target price on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Jefferies Financial Group increased their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Morgan Stanley increased their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

Insider Activity

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

Institutional Trading of Ally Financial

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Ally Financial in the fourth quarter valued at approximately $75,483,000. Jacobs Levy Equity Management Inc. raised its holdings in Ally Financial by 84.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider’s stock valued at $151,320,000 after acquiring an additional 1,918,965 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after acquiring an additional 1,701,264 shares during the period. Phoenix Financial Ltd. grew its holdings in shares of Ally Financial by 86.4% during the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider’s stock worth $122,077,000 after purchasing an additional 1,571,027 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Ally Financial by 6,226.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider’s stock worth $49,285,000 after purchasing an additional 1,347,020 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

NYSE:ALLY opened at $37.34 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a market cap of $11.47 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. Ally Financial has a 12 month low of $31.95 and a 12 month high of $45.46. The company’s 50-day moving average price is $37.08 and its two-hundred day moving average price is $36.34.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 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 business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $0.45 EPS. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Ally Financial will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

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.