Ally Financial Inc. (NYSE:ALLY) Stock Has Average Target Price of $53.13 According to Analysts

Ally Financial Inc. (NYSE:ALLY) has earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $53.13.

ALLY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $58.00 target price on shares of Ally Financial in a research report on Wednesday, July 22nd. Bank of America boosted their price target on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Raymond James Financial began coverage on shares of Ally Financial in a research note on Tuesday, September 1st. They issued a “strong-buy” rating and a $55.00 price objective for the company. Royal Bank Of Canada raised their price objective on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ally Financial in a research report on Friday, September 18th.

Ally Financial Stock Performance

Shares of ALLY opened at $38.17 on Friday. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.09. Ally Financial has a 52-week low of $35.92 and a 52-week high of $47.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average price of $42.58 and a 200 day moving average price of $42.73.

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 analysts’ consensus estimates of $1.22 by ($0.01). The company 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 firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. Research analysts predict that Ally Financial will post 5.17 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is currently 28.30%.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the transaction, the insider owned 88,927 shares of the company’s stock, valued at $3,933,241.21. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ally Financial

A number of hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. increased its holdings in shares of Ally Financial by 7.4% in the 2nd quarter. QRG Capital Management Inc. now owns 17,869 shares of the financial services provider’s stock valued at $821,000 after acquiring an additional 1,234 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Ally Financial by 4.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,197 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 547 shares during the period. Cahill Financial Advisors Inc. acquired a new stake in Ally Financial during the 2nd quarter worth $220,000. Integrated Wealth Concepts LLC grew its position in Ally Financial by 2.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 50,534 shares of the financial services provider’s stock worth $2,322,000 after purchasing an additional 969 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Ally Financial by 422.0% during the 2nd quarter. NewEdge Advisors LLC now owns 8,842 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 7,148 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

About Ally Financial

Ally Financial Inc is a digital financial services company headquartered in Detroit, Michigan. Through its subsidiaries, the company provides consumer and commercial financial products, with a primary focus on automotive financing and digital banking.

Ally’s automotive business offers retail installment sales contracts, consumer loans and leasing products through a network of automotive dealers. The company also provides dealer financing and related commercial lending services. Through Ally Bank, it offers deposit accounts, personal loans, mortgage products and other banking services, while Ally Invest provides self-directed investment and brokerage services to individuals.

The company serves customers primarily in the United States through digital platforms, dealer relationships and other distribution channels.