Ally Financial Inc. (NYSE:ALLY) Stock Has Consensus Price Target of $53.13

Ally Financial Inc. (NYSE:ALLY – Get Free Report) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $52.36.

ALLY has been the subject of a number of research analyst reports. Truist Financial decreased their target price on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ally Financial in a report on Friday, September 18th. Bank of America boosted their price objective on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada increased their target price on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, Raymond James Financial began coverage on shares of Ally Financial in a report on Tuesday, September 1st. They set a “strong-buy” rating and a $55.00 target price on the stock.

Get Our Latest Report on ALLY

Insider Activity at Ally Financial

In related news, insider Stephanie Richard sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider directly owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. The trade was a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

Institutional Trading of Ally Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. lifted its holdings in shares of Ally Financial by 7.4% in the second quarter. QRG Capital Management Inc. now owns 17,869 shares of the financial services provider’s stock valued at $821,000 after purchasing an additional 1,234 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Ally Financial by 4.3% during the second quarter. Sequoia Financial Advisors LLC now owns 13,197 shares of the financial services provider’s stock worth $606,000 after buying an additional 547 shares in the last quarter. Cahill Financial Advisors Inc. acquired a new stake in Ally Financial in the 2nd quarter valued at approximately $220,000. Integrated Wealth Concepts LLC raised its position in Ally Financial by 2.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 50,534 shares of the financial services provider’s stock valued at $2,322,000 after buying an additional 969 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Ally Financial by 422.0% in the 2nd quarter. NewEdge Advisors LLC now owns 8,842 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 7,148 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Down 0.5%

Shares of NYSE ALLY opened at $37.63 on Friday. Ally Financial has a twelve month low of $35.92 and a twelve month high of $47.29. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 0.24 and a beta of 1.09. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company’s fifty day moving average is $42.31 and its 200-day moving average is $42.74.

Ally Financial (NYSE:ALLY – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. Ally Financial’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. Equities research analysts predict that Ally Financial will post 5.17 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is presently 28.30%.

About Ally Financial

(Get Free Report)

Ally Financial Inc (NYSE:ALLY) is a digital financial-services company headquartered in Detroit, Michigan. Its principal businesses include automotive financing, consumer banking, commercial finance and other lending services, primarily serving customers and businesses in the United States.

Through Ally Auto, the company provides retail installment loans and leases for new and used vehicles, along with financing and related services for automotive dealers. Ally Bank offers online checking and savings accounts, money market accounts, certificates of deposit and other deposit products.

Further Reading

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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