BidaskClub downgraded shares of Ally Financial Inc. (NYSE:ALLY) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

Several other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Ally Financial from a sell rating to a hold rating and set a $29.00 target price on the stock in a research note on Friday, October 27th. BTIG Research reissued a buy rating and set a $30.00 target price on shares of Ally Financial in a research note on Thursday, October 26th. Credit Suisse Group boosted their target price on shares of Ally Financial from $28.00 to $30.00 and gave the company an outperform rating in a research note on Thursday, October 26th. Barclays PLC boosted their target price on shares of Ally Financial from $24.00 to $26.00 and gave the company an overweight rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets boosted their target price on shares of Ally Financial from $26.00 to $27.00 and gave the company an outperform rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ally Financial presently has an average rating of Buy and a consensus price target of $26.93.

Shares of Ally Financial (NYSE ALLY) traded up $0.07 during trading hours on Friday, reaching $25.57. 2,200,800 shares of the company’s stock traded hands, compared to its average volume of 4,392,533. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. Ally Financial has a 52 week low of $17.83 and a 52 week high of $26.93. The firm has a market cap of $11,275.74, a P/E ratio of 11.33, a P/E/G ratio of 2.24 and a beta of 1.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $0.56 EPS. analysts expect that Ally Financial will post 2.27 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, October 31st. Ally Financial’s dividend payout ratio is presently 22.22%.

A number of large investors have recently modified their holdings of the stock. Wetherby Asset Management Inc. boosted its holdings in Ally Financial by 0.5% in the second quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 56 shares in the last quarter. QS Investors LLC boosted its holdings in Ally Financial by 0.7% in the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 74 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Ally Financial by 0.4% in the second quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 107 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in Ally Financial by 0.8% in the second quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 126 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its holdings in Ally Financial by 0.3% in the second quarter. First Heartland Consultants Inc. now owns 49,668 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 168 shares in the last quarter.

About Ally Financial

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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