Ally Financial Inc. (NYSE:ALLY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $45.6667.

ALLY has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of Ally Financial from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $37.00 to $45.00 in a research report on Tuesday, September 2nd. TD Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $50.00 in a report on Monday, October 20th. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Truist Financial increased their price target on Ally Financial from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, October 20th.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $41.30 on Friday. Ally Financial has a twelve month low of $29.52 and a twelve month high of $44.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.31. The firm has a 50-day moving average of $39.78 and a two-hundred day moving average of $39.00. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 0.28 and a beta of 1.21.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. The company had revenue of $2.06 billion for the quarter. As a group, analysts expect that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ally Financial’s payout ratio is currently 72.29%.

Insider Buying and Selling

In related news, insider Kathleen L. Patterson sold 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total value of $1,184,940.00. Following the completion of the transaction, the insider owned 100,203 shares of the company’s stock, valued at approximately $4,094,294.58. This trade represents a 22.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Ally Financial

Several hedge funds and other institutional investors have recently modified their holdings of ALLY. Avantax Advisory Services Inc. raised its position in Ally Financial by 12.2% during the first quarter. Avantax Advisory Services Inc. now owns 6,516 shares of the financial services provider’s stock valued at $238,000 after buying an additional 708 shares during the period. Cetera Investment Advisers grew its stake in Ally Financial by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 59,592 shares of the financial services provider’s stock valued at $2,173,000 after acquiring an additional 6,228 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Ally Financial by 10.4% in the 1st quarter. HB Wealth Management LLC now owns 6,968 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 657 shares during the period. LPL Financial LLC lifted its position in shares of Ally Financial by 33.5% in the first quarter. LPL Financial LLC now owns 140,047 shares of the financial services provider’s stock worth $5,108,000 after purchasing an additional 35,144 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Ally Financial in the first quarter worth approximately $637,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

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.