Ally Financial (NYSE:ALLY) Given New $36.00 Price Target at JPMorgan Chase & Co.

Ally Financial (NYSE:ALLY) had its target price decreased by JPMorgan Chase & Co. from $43.00 to $36.00 in a research report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

ALLY has been the topic of several other reports. Jefferies Financial Group upped their target price on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Barclays upped their target price on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Hold” and an average target price of $42.41.

Ally Financial Trading Down 5.3 %

Shares of NYSE:ALLY opened at $31.96 on Tuesday. 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 market capitalization of $9.82 billion, a P/E ratio of 12.29, a P/E/G ratio of 0.32 and a beta of 1.12. The business’s 50-day moving average is $35.88 and its 200 day moving average is $36.31. Ally Financial has a 1 year low of $29.52 and a 1 year high of $45.46.

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

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.76%. Ally Financial’s payout ratio is 46.15%.

Insiders Place Their Bets

In related news, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was acquired at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the purchase, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ally Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. grew its position in shares of Ally Financial by 89.4% in the fourth 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 shares of Ally Financial during the 4th quarter worth $43,000. UMB Bank n.a. raised its holdings 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 worth $56,000 after acquiring an additional 1,061 shares during the period. Harbour Investments Inc. boosted 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 last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Ally Financial in the fourth quarter valued at about $78,000. 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.