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

Ally Financial Inc. (NYSE:ALLY) has been assigned an average rating of “Hold” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $41.69.

ALLY has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Bank of America decreased their target price on Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group upped their price target on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company cut their price objective on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, April 21st.

Insider Activity at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the transaction, the insider now owns 90,387 shares in the company, valued at $2,905,038.18. The trade was a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell E. Hutchinson purchased 8,200 shares of Ally Financial stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares of the company’s stock, valued at approximately $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Institutional Trading of Ally Financial

Several institutional investors and hedge funds have recently made changes to their positions in ALLY. Tidal Investments LLC increased its stake in Ally Financial by 1.1% in the 4th 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 increased its position in shares of Ally Financial by 4.9% during the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 297 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Ally Financial by 0.7% during the first quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider’s stock worth $1,472,000 after acquiring an additional 300 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Ally Financial by 2.1% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 320 shares in the last quarter. Finally, Signet Financial Management LLC boosted its holdings in shares of Ally Financial by 5.6% in the first quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 357 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

Shares of ALLY opened at $36.03 on Wednesday. The business has a 50-day simple moving average of $33.91 and a two-hundred day simple moving average of $35.98. 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 has a 52 week low of $29.52 and a 52 week high of $45.46. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm posted $0.45 EPS. On average, analysts expect that Ally Financial will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, May 1st. Ally Financial’s dividend payout ratio (DPR) is 88.24%.

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.