Ally Financial Inc. (NYSE:ALLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ally Financial Inc. (NYSE:ALLY) has earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $53.6429.

A number of research analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Wells Fargo & Company increased their price target on Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Bank of America raised their price target on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Finally, Citigroup cut their target price on Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd.

Ally Financial Price Performance

NYSE ALLY opened at $42.16 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. Ally Financial has a 12 month low of $35.92 and a 12 month high of $47.29. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.26 and a beta of 1.10. The company’s 50 day moving average is $44.45 and its two-hundred day moving average is $42.64.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. As a group, research analysts anticipate that Ally Financial will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued 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 of this dividend was Friday, July 31st. Ally Financial’s dividend payout ratio is 28.30%.

Insider Buying and Selling

In related news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the completion of the transaction, the insider directly owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SJS Investment Consulting Inc. increased its position in Ally Financial by 30.8% in the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Ally Financial by 3.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 243 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Ally Financial by 31.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 252 shares in the last quarter. Triumph Capital Management increased its stake in Ally Financial by 9.2% during the fourth quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 265 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Ally Financial by 25.0% during the fourth quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 268 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

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.