Ally Financial Inc (NYSE:ALLY) Given Consensus Rating of “Buy” by Brokerages
Ally Financial Inc (NYSE:ALLY) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.11.
A number of equities research analysts have recently commented on the stock. Oppenheimer set a $33.00 target price on shares of Ally Financial and gave the company a “buy” rating in a report on Wednesday, April 17th. Zacks Investment Research cut shares of Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a report on Tuesday, July 2nd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ally Financial in a report on Sunday, July 21st. Morgan Stanley upped their target price on shares of Ally Financial from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets upped their target price on shares of Ally Financial to $39.00 and gave the company a “market perform” rating in a report on Monday, April 22nd.
ALLY traded down $1.33 on Wednesday, reaching $30.00. The company had a trading volume of 2,673,931 shares, compared to its average volume of 3,403,626. Ally Financial has a 1 year low of $20.60 and a 1 year high of $34.22. The company has a market cap of $12.02 billion, a PE ratio of 8.98, a PEG ratio of 0.63 and a beta of 1.31. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day simple moving average is $32.06.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.27%. Ally Financial’s payout ratio is 20.36%.
In other news, CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $28.80, for a total transaction of $63,993.60. Following the transaction, the chief accounting officer now directly owns 107,979 shares in the company, valued at $3,109,795.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Diane E. Morais sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the transaction, the insider now owns 220,048 shares in the company, valued at $7,338,600.80. The disclosure for this sale can be found here. Insiders sold 21,666 shares of company stock valued at $706,918 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Ally Financial in the first quarter valued at approximately $31,000. Carroll Financial Associates Inc. acquired a new stake in shares of Ally Financial in the second quarter valued at approximately $40,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Ally Financial in the second quarter valued at approximately $49,000. SG3 Management LLC acquired a new stake in shares of Ally Financial in the second quarter valued at approximately $73,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Ally Financial in the first quarter valued at approximately $74,000. Institutional investors own 96.94% of the company’s stock.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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