Ally Financial Inc. (NYSE:ALLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ally Financial Inc. (NYSE:ALLY) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $53.7857.

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Evercore reiterated an “outperform” rating and set a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Morgan Stanley raised their target price on shares of Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Finally, Bank of America lifted their price target on shares of Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday.

Ally Financial Trading Up 0.0%

Shares of ALLY stock opened at $45.60 on Monday. Ally Financial has a 1 year low of $35.92 and a 1 year high of $47.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $43.92 and its two-hundred day simple moving average is $42.65. The company has a market cap of $13.98 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company’s quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. Research analysts predict that Ally Financial will post 5.33 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 annualized dividend and a yield of 2.6%. Ally Financial’s dividend payout ratio (DPR) is presently 29.27%.

Insider Activity at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the sale, the insider directly owned 93,927 shares in the company, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas R. Timmerman sold 39,675 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the sale, the insider owned 477,627 shares in the company, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Ally Financial

Several hedge funds have recently bought and sold shares of ALLY. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ally Financial in the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ally Financial during the fourth quarter valued at $35,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Ally Financial during the fourth quarter valued at $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ally Financial in the fourth quarter worth about $38,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Ally Financial by 30.8% in the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Company Profile

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.