Brokerages Set Ally Financial Inc. (NYSE:ALLY) Target Price at $42.06

Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $41.69.

Several analysts have recently commented on the stock. Bank of America reduced their target price on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, April 7th. BTIG Research downgraded shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a research report on Tuesday, March 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research report on Monday, April 21st. The Goldman Sachs Group raised their price target on Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company dropped their price objective on Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Monday, April 21st.

Insider Transactions at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the business’s stock in a transaction on Monday, January 27th. The stock was bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer now directly owns 236,421 shares of the company’s stock, valued at approximately $7,284,131.01. The trade was a 3.59 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Ally Financial

Several institutional investors have recently added to or reduced their stakes in the business. KBC Group NV grew its holdings in Ally Financial by 2.1% in the 1st quarter. KBC Group NV now owns 594,081 shares of the financial services provider’s stock valued at $21,666,000 after buying an additional 12,039 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Ally Financial by 7.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 649,832 shares of the financial services provider’s stock valued at $23,699,000 after purchasing an additional 46,707 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Ally Financial during the first quarter worth approximately $1,998,000. Total Wealth Planning & Management Inc. raised its stake in Ally Financial by 13.0% during the first quarter. Total Wealth Planning & Management Inc. now owns 11,847 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 1,361 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Ally Financial by 59.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 377 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Stock Down 0.7 %

ALLY opened at $32.95 on Friday. Ally Financial has a 52 week low of $29.52 and a 52 week high of $45.46. The business has a 50 day moving average price of $34.52 and a two-hundred day moving average price of $36.08. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market cap of $10.12 billion, a PE ratio of 12.67, a P/E/G ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, research analysts anticipate that Ally Financial will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s payout ratio 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.