Analysts Set Ally Financial Inc. (NYSE:ALLY) Target Price at $54.14

Shares of Ally Financial Inc. (NYSE:ALLY) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $54.1429.

ALLY has been the topic of several recent analyst reports. Truist Financial set a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. Morgan Stanley raised their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Weiss Ratings downgraded shares of Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Evercore restated an “outperform” rating and set a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. Finally, Barclays raised their price objective on shares of Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th.

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the sale, the insider directly owned 93,927 shares in the company, valued at $3,958,083.78. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider owned 477,627 shares in the company, valued at $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by company insiders.

Institutional Trading of Ally Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its stake in Ally Financial by 106.5% during the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock valued at $9,158,000 after acquiring an additional 129,497 shares in the last quarter. NewEdge Advisors LLC grew its stake in Ally Financial by 22.8% during the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 415 shares in the last quarter. Empowered Funds LLC grew its stake in Ally Financial by 11.1% during the first quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 1,292 shares in the last quarter. Focus Partners Wealth purchased a new position in Ally Financial during the first quarter valued at $259,000. Finally, EverSource Wealth Advisors LLC grew its stake in Ally Financial by 374.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 1,166 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Down 0.3%

Ally Financial stock opened at $42.82 on Friday. The firm has a 50 day moving average of $41.95 and a 200 day moving average of $42.02. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.26 and a beta of 1.12. Ally Financial has a 12-month low of $34.30 and a 12-month high of $47.27. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. As a group, research analysts predict that Ally Financial will post 5.3 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is presently 29.27%.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.