Shares of Ally Financial Inc (NYSE:ALLY) have been assigned a consensus recommendation of “Buy” from the twenty research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $32.53.

Several equities research analysts recently issued reports on ALLY shares. ValuEngine lowered Ally Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Piper Jaffray Companies set a $34.00 price target on Ally Financial and gave the company a “buy” rating in a research report on Monday, October 29th. Zacks Investment Research lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Nomura dropped their price target on Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Finally, Oppenheimer set a $35.00 price target on Ally Financial and gave the company a “buy” rating in a research report on Thursday, October 4th.

In other Ally Financial news, CAO David J. Debrunner sold 25,000 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $26.35, for a total value of $658,750.00. Following the sale, the chief accounting officer now directly owns 102,155 shares of the company’s stock, valued at $2,691,784.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in Ally Financial by 3.2% in the third quarter. BlackRock Inc. now owns 27,382,908 shares of the financial services provider’s stock worth $724,279,000 after buying an additional 845,569 shares during the period. Franklin Resources Inc. grew its stake in shares of Ally Financial by 1.4% in the third quarter. Franklin Resources Inc. now owns 16,738,736 shares of the financial services provider’s stock worth $442,757,000 after purchasing an additional 238,880 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Ally Financial by 8.4% in the second quarter. Canada Pension Plan Investment Board now owns 9,020,275 shares of the financial services provider’s stock worth $236,963,000 after purchasing an additional 700,000 shares in the last quarter. Canyon Capital Advisors LLC grew its stake in shares of Ally Financial by 37.4% in the third quarter. Canyon Capital Advisors LLC now owns 5,314,449 shares of the financial services provider’s stock worth $140,567,000 after purchasing an additional 1,447,325 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of Ally Financial by 5.4% in the third quarter. LSV Asset Management now owns 4,375,957 shares of the financial services provider’s stock worth $115,744,000 after purchasing an additional 223,878 shares in the last quarter. 98.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ally Financial stock traded down $1.47 on Friday, hitting $25.11. 3,664,471 shares of the company’s stock traded hands, compared to its average volume of 2,799,468. The stock has a market cap of $11.02 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.65 and a beta of 1.23. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.48. Ally Financial has a 52-week low of $23.69 and a 52-week high of $31.29.

Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Ally Financial had a return on equity of 10.25% and a net margin of 16.87%. As a group, equities analysts predict that Ally Financial will post 3.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.39%. The ex-dividend date was Wednesday, October 31st. Ally Financial’s dividend payout ratio is presently 25.10%.

About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

Further Reading: How to use beta for portfolio diversification

Analyst Recommendations for Ally Financial (NYSE:ALLY)

Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.