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

Shares of Ally Financial Inc. (NYSE:ALLY) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $52.36.

Several research firms have commented on ALLY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $58.00 target price on shares of Ally Financial in a research report on Wednesday, July 22nd. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Royal Bank Of Canada boosted their price target on shares of Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Citigroup lowered their target price on shares of Ally Financial from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, September 25th. Finally, Raymond James Financial started coverage on Ally Financial in a report on Tuesday, September 1st. They set a “strong-buy” rating and a $55.00 price objective on the stock.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie Richard sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the sale, the insider owned 88,927 shares of the company’s stock, valued at $3,933,241.21. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Ally Financial

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Ally Financial during the 2nd quarter valued at approximately $1,315,659,000. Berkshire Hathaway Inc bought a new stake in Ally Financial in the 2nd quarter valued at $1,240,650,000. Dimensional Fund Advisors LP lifted its stake in Ally Financial by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider’s stock worth $353,776,000 after purchasing an additional 309,638 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Ally Financial by 11.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,783,947 shares of the financial services provider’s stock valued at $266,134,000 after purchasing an additional 712,443 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ally Financial by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock worth $243,795,000 after buying an additional 241,000 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Price Performance

Shares of ALLY opened at $37.94 on Friday. 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 business’s fifty day moving average is $42.08 and its 200 day moving average is $42.72. The stock has a market cap of $11.54 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.24 and a beta of 1.11. Ally Financial has a 12-month low of $35.92 and a 12-month high of $47.29.

Ally Financial (NYSE:ALLY) last issued 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). Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that Ally Financial will post 5.16 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders 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 is currently 28.30%.

About Ally Financial

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.