Ally Financial (ALLY) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Ally Financial (NYSE: ALLY) in the last few weeks:

• 10/21/2024 – Ally Financial had its price target lowered by analysts at Morgan Stanley from $45.00 to $41.00. They now have an “overweight” rating on the stock.
• 10/21/2024 – Ally Financial had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $40.00 price target on the stock.
• 10/21/2024 – Ally Financial was upgraded by analysts at Raymond James from an “underperform” rating to a “market perform” rating.
• 10/19/2024 – Ally Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/11/2024 – Ally Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/7/2024 – Ally Financial was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $40.00 price target on the stock, down previously from $46.00.
• 10/7/2024 – Ally Financial had its price target lowered by analysts at Evercore ISI from $47.00 to $38.00. They now have an “in-line” rating on the stock.
• 9/26/2024 – Ally Financial had its price target lowered by analysts at Wells Fargo & Company from $37.00 to $32.00. They now have an “underweight” rating on the stock.
• 9/23/2024 – Ally Financial had its price target lowered by analysts at TD Cowen from $45.00 to $37.00. They now have a “hold” rating on the stock.
• 9/16/2024 – Ally Financial had its price target lowered by analysts at Keefe, Bruyette & Woods from $50.00 to $44.00. They now have an “outperform” rating on the stock.
• 9/16/2024 – Ally Financial was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
• 9/12/2024 – Ally Financial had its price target lowered by analysts at Royal Bank of Canada from $49.00 to $40.00. They now have an “outperform” rating on the stock.
• 9/12/2024 – Ally Financial had its price target lowered by analysts at Barclays PLC from $44.00 to $36.00. They now have an “equal weight” rating on the stock.
• 9/11/2024 – Ally Financial had its price target lowered by analysts at Morgan Stanley from $49.00 to $45.00. They now have an “overweight” rating on the stock.
• 9/11/2024 – Ally Financial had its price target lowered by analysts at Bank of America Co. from $46.00 to $37.00. They now have a “buy” rating on the stock.

Ally Financial Trading Up 0.1 %

NYSE:ALLY traded up $0.05 on Thursday, hitting $34.49. The stock had a trading volume of 2,285,839 shares, compared to its average volume of 3,528,719. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.42 and a beta of 1.39. The company has a fifty day moving average price of $37.25 and a two-hundred day moving average price of $39.04. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $0.83 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts expect that Ally Financial Inc. will post 2.87 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. Ally Financial’s dividend payout ratio is currently 48.98%.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds have recently added to or reduced their stakes in ALLY. Signet Financial Management LLC lifted its holdings in Ally Financial by 4.8% during the 1st quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock worth $295,000 after buying an additional 330 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Ally Financial by 1.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,253 shares of the financial services provider’s stock valued at $1,309,000 after purchasing an additional 484 shares during the last quarter. AMF Tjanstepension AB purchased a new stake in shares of Ally Financial in the 1st quarter valued at approximately $12,048,000. Trilogy Capital Inc. purchased a new stake in shares of Ally Financial in the 1st quarter valued at approximately $3,009,000. Finally, State of Michigan Retirement System increased its position in shares of Ally Financial by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 74,964 shares of the financial services provider’s stock valued at $3,043,000 after purchasing an additional 1,600 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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.