Ally Financial Inc. (NYSE:ALLY) Given Consensus Recommendation of “Hold” by Analysts

Ally Financial Inc. (NYSE:ALLY) has been given an average rating of “Hold” by the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $42.53.

ALLY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Jefferies Financial Group lifted their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th.

Ally Financial Stock Performance

ALLY opened at $36.51 on Tuesday. The firm has a market capitalization of $11.21 billion, a PE ratio of 14.04, a PEG ratio of 0.32 and a beta of 1.40. Ally Financial has a 52-week low of $31.95 and a 52-week high of $45.46. The business’s 50-day simple moving average is $37.08 and its 200 day simple moving average is $36.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. As a group, sell-side analysts expect that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Insiders Place Their Bets

In other news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The shares were acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Pathstone Holdings LLC increased its holdings in Ally Financial by 127.0% during the 3rd quarter. Pathstone Holdings LLC now owns 59,741 shares of the financial services provider’s stock worth $2,126,000 after acquiring an additional 33,420 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Ally Financial by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 32,174 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 598 shares during the last quarter. Intech Investment Management LLC raised its position in Ally Financial by 50.8% in the 3rd quarter. Intech Investment Management LLC now owns 16,001 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 5,387 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Ally Financial during the 3rd quarter valued at about $250,000. Finally, Citigroup Inc. increased its stake in Ally Financial by 22.3% in the 3rd quarter. Citigroup Inc. now owns 242,602 shares of the financial services provider’s stock worth $8,634,000 after purchasing an additional 44,314 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Company Profile

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.