Ally Financial (NYSE:ALLY) Shares Gap Up to $38.57

Ally Financial Inc. (NYSE:ALLY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $38.57, but opened at $39.73. Ally Financial shares last traded at $39.06, with a volume of 324,004 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on ALLY. Raymond James cut Ally Financial from a “market perform” rating to an “underperform” rating in a research report on Friday, January 5th. Wells Fargo & Company boosted their price objective on Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday. JPMorgan Chase & Co. cut Ally Financial from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $37.00 to $39.00 in a research report on Wednesday, April 3rd. Evercore ISI boosted their price objective on Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Five analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.63.

Ally Financial Trading Down 3.2 %

The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The company has a fifty day simple moving average of $37.53 and a 200-day simple moving average of $32.42. The company has a market capitalization of $11.51 billion, a PE ratio of 12.67 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the company posted $1.08 EPS. Analysts predict that Ally Financial Inc. will post 3.06 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Wednesday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 40.13%.

Hedge Funds Weigh In On Ally Financial

Large investors have recently modified their holdings of the business. NBC Securities Inc. acquired a new position in shares of Ally Financial in the 3rd quarter valued at $26,000. Salem Investment Counselors Inc. lifted its stake in shares of Ally Financial by 115.0% in the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 345 shares during the last quarter. PCA Investment Advisory Services Inc. acquired a new position in Ally Financial during the 2nd quarter worth about $30,000. Northwest Financial Advisors acquired a new position in Ally Financial during the 4th quarter worth about $31,000. Finally, Rise Advisors LLC acquired a new position in Ally Financial during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Company Profile

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.