Brokerages Set Ally Financial Inc. (NYSE:ALLY) PT at $40.00

Shares of Ally Financial Inc. (NYSE:ALLY) have earned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $41.00.

Several research analysts have recently commented on ALLY shares. Citigroup started coverage on Ally Financial in a report on Monday, June 24th. They issued a “buy” rating and a $50.00 target price on the stock. StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a report on Friday, April 26th. BMO Capital Markets upped their price objective on Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Wells Fargo & Company upped their price objective on Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. downgraded Ally Financial from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $37.00 to $39.00 in a report on Wednesday, April 3rd.

Institutional Trading of Ally Financial

A number of large investors have recently made changes to their positions in the company. Trust Co. of Toledo NA OH increased its position in shares of Ally Financial by 1.7% in the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after buying an additional 287 shares in the last quarter. WBI Investments LLC increased its position in shares of Ally Financial by 2.2% in the 4th quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock valued at $511,000 after buying an additional 316 shares in the last quarter. Signet Financial Management LLC increased its position in shares of Ally Financial by 4.8% in the 1st quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock valued at $295,000 after buying an additional 330 shares in the last quarter. Xponance Inc. increased its position in shares of Ally Financial by 1.4% in the 4th quarter. Xponance Inc. now owns 33,366 shares of the financial services provider’s stock valued at $1,165,000 after buying an additional 472 shares in the last quarter. Finally, 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 buying an additional 484 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 0.2 %

NYSE ALLY opened at $39.67 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50. The stock’s 50 day moving average is $39.31 and its two-hundred day moving average is $37.46. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.48 and a beta of 1.41. Ally Financial has a 1-year low of $22.54 and a 1-year high of $41.77.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. Ally Financial’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. Equities analysts forecast that Ally Financial will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Tuesday, April 30th. Ally Financial’s payout ratio is 48.98%.

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.