Ally Financial (NYSE:ALLY) Price Target Raised to $44.00 at Truist Financial

Ally Financial (NYSE:ALLY) had its target price lifted by Truist Financial from $41.00 to $44.00 in a research note published on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. Wall Street Zen upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 23rd. The Goldman Sachs Group lifted their price target on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Morgan Stanley dropped their price target on Ally Financial from $45.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Wells Fargo & Company dropped their price target on Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.88.

Ally Financial Trading Down 2.2%

Shares of Ally Financial stock opened at $35.99 on Friday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.32 and a beta of 1.14. The business has a 50-day moving average price of $34.02 and a 200-day moving average price of $35.80. 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 issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates 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 last year, the business posted $0.45 earnings per share. Equities research analysts anticipate that Ally Financial will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial’s payout ratio is currently 88.24%.

Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson bought 8,200 shares of the company’s stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, with a total value of $252,642.00. Following the transaction, the chief financial officer now owns 236,421 shares of the company’s stock, valued at $7,284,131.01. The trade was a 3.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Institutional Trading of Ally Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WPG Advisers LLC purchased a new stake in shares of Ally Financial during the 1st quarter valued at $25,000. Copia Wealth Management purchased a new stake in shares of Ally Financial during the 1st quarter valued at $27,000. SVB Wealth LLC purchased a new stake in shares of Ally Financial during the 1st quarter valued at $27,000. Private Trust Co. NA lifted its holdings in shares of Ally Financial by 125.7% during the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 509 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Ally Financial by 59.6% during 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. Institutional investors own 88.76% of the company’s stock.

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.