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

Ally Financial Inc. (NYSE:ALLY) has been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $45.1429.

A number of equities analysts have recently weighed in on the company. BTIG Research raised Ally Financial from a “sell” rating to a “neutral” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. decreased their target price on Ally Financial from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday. Morgan Stanley boosted their target price on Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ally Financial in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ally Financial in a research report on Monday, July 14th.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds have recently made changes to their positions in ALLY. WPG Advisers LLC purchased a new stake in Ally Financial during the first quarter valued at approximately $25,000. Copia Wealth Management purchased a new stake in Ally Financial during the first quarter valued at approximately $27,000. SVB Wealth LLC purchased a new stake in Ally Financial during the first quarter valued at approximately $27,000. Allworth Financial LP raised its position in Ally Financial by 385.2% during the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 597 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Ally Financial by 662.0% during the second quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 715 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

NYSE ALLY opened at $36.96 on Friday. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 0.31 and a beta of 1.18. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average price of $40.21 and a 200-day moving average price of $37.40. Ally Financial has a twelve month low of $29.52 and a twelve month high of $44.83.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. The firm had revenue of $2.06 billion during the quarter. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. As a group, equities research analysts predict that Ally Financial will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, October 31st. Ally Financial’s payout ratio is currently 77.92%.

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.