Ally Financial Inc. (NYSE:ALLY) Receives Average Rating of “Hold” from Analysts

Ally Financial Inc. (NYSE:ALLY) has earned an average rating of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $41.69.

A number of equities analysts have weighed in on the company. Compass Point raised Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. StockNews.com downgraded Ally Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, May 7th. BTIG Research downgraded Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Tuesday, March 25th. Jefferies Financial Group upped their target price on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their target price on Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the firm’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider now owns 90,387 shares of the company’s stock, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer now owns 236,421 shares in the company, valued at approximately $7,284,131.01. This represents a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ally Financial

A number of large investors have recently modified their holdings of ALLY. Oak Thistle LLC acquired a new stake in shares of Ally Financial in the 4th quarter valued at $1,112,000. Assenagon Asset Management S.A. lifted its stake in shares of Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after acquiring an additional 1,701,264 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Ally Financial in the 4th quarter valued at $230,000. Wealthcare Advisory Partners LLC bought a new position in shares of Ally Financial in the 4th quarter valued at $461,000. Finally, HB Wealth Management LLC bought a new position in shares of Ally Financial in the 4th quarter valued at $227,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $36.68 on Wednesday. The business’s 50 day moving average price is $33.79 and its two-hundred day moving average price is $35.96. The company has a market cap of $11.27 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. 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 twelve month low of $29.52 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts predict 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. Investors of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, May 1st. Ally Financial’s dividend payout ratio is currently 88.24%.

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.