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

Ally Financial Inc. (NYSE:ALLY) has received an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $54.1429.

ALLY has been the subject of a number of research reports. Wall Street Zen cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, April 20th. The Goldman Sachs Group lifted their price objective on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Evercore restated an “outperform” rating and issued a $54.00 price objective on shares of Ally Financial in a report on Tuesday, April 21st.

Insider Buying and Selling

In related news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the transaction, the insider owned 93,927 shares of the company’s stock, valued at $3,958,083.78. This represents a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALLY. Royal Bank of Canada lifted its stake in Ally Financial by 106.5% in the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock worth $9,158,000 after acquiring an additional 129,497 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Ally Financial by 22.8% in the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 415 shares during the last quarter. Empowered Funds LLC lifted its stake in Ally Financial by 11.1% in the first quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 1,292 shares during the last quarter. Focus Partners Wealth purchased a new position in Ally Financial in the first quarter worth approximately $259,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Ally Financial by 374.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 1,166 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 0.8%

Shares of ALLY stock opened at $42.39 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $12.99 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.26 and a beta of 1.12. The company has a 50 day moving average price of $41.46 and a 200 day moving average price of $41.90. Ally Financial has a fifty-two week low of $32.50 and a fifty-two week high of $47.27.

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

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.30 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Ally Financial’s payout ratio is 29.27%.

Ally Financial Company Profile

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.