Ally Financial (NYSE:ALLY) Price Target Lowered to $45.00 at Truist Financial

Ally Financial (NYSE:ALLY) had its price objective reduced by Truist Financial from $47.00 to $45.00 in a research report report published on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

ALLY has been the subject of a number of other research reports. Royal Bank of Canada upped their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Finally, BTIG Research cut shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial currently has an average rating of “Hold” and a consensus price target of $42.53.

Ally Financial Price Performance

Ally Financial stock opened at $32.16 on Friday. 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 stock has a market cap of $9.88 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The firm has a 50-day moving average of $36.72 and a two-hundred day moving average of $36.40. Ally Financial has a 1 year low of $30.06 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data 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. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, research analysts forecast that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed 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 3.73%. The ex-dividend date was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes purchased 25,634 shares of the business’s stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was bought at an average cost 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 in the company, 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 owned by insiders.

Institutional Inflows and Outflows

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

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.