Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned an average rating of “Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $27.00.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Ally Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research raised Ally Financial from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a report on Friday, October 27th. BTIG Research reissued a “buy” rating and set a $30.00 price objective on shares of Ally Financial in a report on Thursday, October 26th. Credit Suisse Group increased their price objective on Ally Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Finally, Barclays PLC increased their price objective on Ally Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, October 26th.
Several institutional investors have recently bought and sold shares of ALLY. Principal Financial Group Inc. lifted its position in shares of Ally Financial by 40.6% during the 1st quarter. Principal Financial Group Inc. now owns 80,574 shares of the financial services provider’s stock worth $1,638,000 after buying an additional 23,266 shares during the period. Teachers Advisors LLC raised its position in Ally Financial by 6.0% in the 1st quarter. Teachers Advisors LLC now owns 565,704 shares of the financial services provider’s stock valued at $11,501,000 after purchasing an additional 32,168 shares during the last quarter. Capstone Asset Management Co. bought a new position in Ally Financial in the 2nd quarter valued at $208,000. Mn Services Vermogensbeheer B.V. raised its position in Ally Financial by 582.2% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 75,498 shares of the financial services provider’s stock valued at $1,578,000 after purchasing an additional 64,431 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Ally Financial by 86.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 50,475 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 23,375 shares during the last quarter.
Ally Financial (ALLY) traded up $0.25 on Monday, hitting $26.67. The stock had a trading volume of 2,526,200 shares, compared to its average volume of 4,367,898. Ally Financial has a 52 week low of $18.11 and a 52 week high of $26.93. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $11,790.00, a P/E ratio of 11.85, a PEG ratio of 2.35 and a beta of 1.46.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business earned $0.56 EPS. equities analysts forecast that Ally Financial will post 2.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, October 31st. Ally Financial’s payout ratio is presently 22.33%.
Ally Financial Company Profile
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.
Receive News & Ratings for Ally Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.