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

Ally Financial Inc. (NYSE:ALLY) has been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $53.7333.

A number of research firms recently weighed in on ALLY. Raymond James Financial began coverage on shares of Ally Financial in a report on Tuesday, September 1st. They issued a “strong-buy” rating and a $55.00 target price on the stock. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their target price on Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Finally, Weiss Ratings raised Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd.

Ally Financial Stock Performance

NYSE ALLY opened at $43.75 on Tuesday. The company has a market cap of $13.31 billion, a P/E ratio of 10.32, a PEG ratio of 0.27 and a beta of 1.09. The company has a fifty day simple moving average of $44.13 and a 200 day simple moving average of $42.71. 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.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.01). The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 EPS. Sell-side analysts predict that Ally Financial will post 5.2 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 31st. Ally Financial’s dividend payout ratio is presently 28.30%.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie Richard sold 5,000 shares of Ally Financial stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total transaction of $221,150.00. Following the transaction, the insider directly owned 88,927 shares of the company’s stock, valued at $3,933,241.21. The trade was a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ALLY. Corient Private Wealth LP boosted its holdings in Ally Financial by 2.9% during the second quarter. Corient Private Wealth LP now owns 227,844 shares of the financial services provider’s stock worth $10,470,000 after purchasing an additional 6,452 shares during the last quarter. Amundi increased its stake in Ally Financial by 183.5% in the 2nd quarter. Amundi now owns 274,754 shares of the financial services provider’s stock valued at $12,625,000 after buying an additional 177,832 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Ally Financial in the 2nd quarter valued at about $3,267,000. California State Teachers Retirement System lifted its position in shares of Ally Financial by 4,362.7% during the 2nd quarter. California State Teachers Retirement System now owns 14,336,308 shares of the financial services provider’s stock worth $658,753,000 after buying an additional 14,015,057 shares in the last quarter. Finally, Wedmont Private Capital bought a new position in shares of Ally Financial during the 2nd quarter worth approximately $216,000. 88.76% of the stock is owned by institutional investors.

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.