Analysts Set Ally Financial Inc. (NYSE:ALLY) Target Price at $53.64

Shares of Ally Financial Inc. (NYSE:ALLY) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $53.6429.

A number of equities analysts have issued reports on ALLY shares. Royal Bank Of Canada boosted their price objective 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $58.00 target price on shares of Ally Financial in a report on Wednesday, July 22nd. Barclays raised their target price on Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Wells Fargo & Company upped their price target on Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Finally, Morgan Stanley increased their price objective on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, April 20th.

Insider Buying and Selling

In related news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial 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 owned 88,927 shares in the company, valued at $3,933,241.21. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Ally Financial

Several institutional investors and hedge funds have recently modified their holdings of ALLY. SJS Investment Consulting Inc. increased its position in shares of Ally Financial by 30.8% during the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after buying an additional 240 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Ally Financial by 3.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock worth $314,000 after buying an additional 243 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Ally Financial by 31.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock worth $48,000 after buying an additional 252 shares during the period. Triumph Capital Management boosted its position in Ally Financial by 9.2% during the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 265 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in Ally Financial by 25.0% during the 4th quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 268 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Up 0.7%

Shares of Ally Financial stock opened at $44.58 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial has a 52-week low of $35.92 and a 52-week high of $47.29. The stock has a market capitalization of $13.56 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 0.27 and a beta of 1.10. The company’s 50 day moving average price is $44.78 and its 200-day moving average price is $42.59.

Ally Financial (NYSE:ALLY) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 earnings per share. Equities research analysts forecast that Ally Financial will post 5.19 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 31st. Ally Financial’s dividend payout ratio is currently 28.30%.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.