Brokerages Set Ally Financial Inc. (NYSE:ALLY) PT at $43.76

Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.76.

A number of research firms recently weighed in on ALLY. Truist Financial raised their price target on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Citigroup lifted their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Jefferies Financial Group lifted their price target on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley upped their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd.

Insider Activity at Ally Financial

In related news, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ally Financial

A number of institutional investors and hedge funds have recently made changes to their positions in ALLY. Sequoia Financial Advisors LLC bought a new position in Ally Financial in the 4th quarter worth about $206,000. HighTower Advisors LLC raised its stake in Ally Financial by 285.9% in the fourth quarter. HighTower Advisors LLC now owns 58,703 shares of the financial services provider’s stock valued at $2,114,000 after purchasing an additional 43,490 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Ally Financial by 2.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider’s stock valued at $771,000 after purchasing an additional 500 shares during the last quarter. AlphaQuest LLC grew its stake in Ally Financial by 102.9% in the 4th quarter. AlphaQuest LLC now owns 21,290 shares of the financial services provider’s stock worth $767,000 after buying an additional 10,797 shares in the last quarter. Finally, Amundi raised its position in shares of Ally Financial by 81.0% during the 4th quarter. Amundi now owns 1,156,003 shares of the financial services provider’s stock valued at $41,165,000 after buying an additional 517,388 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY opened at $38.29 on Monday. Ally Financial has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day moving average price of $37.22 and a two-hundred day moving average price of $37.64. The firm has a market capitalization of $11.67 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.43 and a beta of 1.45.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. Equities analysts forecast that Ally Financial will post 3.69 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Friday, January 31st. Ally Financial’s payout ratio is currently 46.15%.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.