Ally Financial (NYSE:ALLY) Given New $54.00 Price Target at TD Cowen

Ally Financial (NYSE:ALLY) had its price objective lowered by TD Cowen from $55.00 to $54.00 in a research report report published on Tuesday,Benzinga reports. TD Cowen currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Bank of America raised their price target on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Ally Financial in a research note on Friday, September 18th. Royal Bank Of Canada increased their target price on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. UBS Group lowered their target price on Ally Financial from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group set a $45.00 price target on Ally Financial in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.43.

Ally Financial Price Performance

NYSE:ALLY opened at $37.63 on Tuesday. 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 firm has a market cap of $11.45 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.23 and a beta of 1.11. Ally Financial has a 12 month low of $35.92 and a 12 month high of $47.29. The company’s 50-day moving average price is $41.84 and its two-hundred day moving average price is $42.77.

Ally Financial (NYSE:ALLY) last posted 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 firm 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 period in the previous year, the business posted $0.99 EPS. On average, equities analysts anticipate that Ally Financial will post 5.16 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders 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 3.2%. The ex-dividend date was Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is presently 28.30%.

Insider Activity at Ally Financial

In other news, insider Stephanie Richard sold 5,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 88,927 shares in the company, 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 legal filing with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Ally Financial

Several hedge funds have recently added to or reduced their stakes in ALLY. SJS Investment Consulting Inc. lifted its stake in Ally Financial by 30.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 240 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Ally Financial by 3.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 243 shares during the period. Arizona State Retirement System increased its position in Ally Financial by 0.4% during the second quarter. Arizona State Retirement System now owns 76,467 shares of the financial services provider’s stock worth $3,514,000 after buying an additional 296 shares during the last quarter. Waverly Advisors LLC increased its position in Ally Financial by 1.3% during the second quarter. Waverly Advisors LLC now owns 23,749 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 307 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Ally Financial by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 13,197 shares of the financial services provider’s stock valued at $606,000 after buying an additional 547 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Company Profile

Ally Financial Inc (NYSE:ALLY) is a digital financial-services company headquartered in Detroit, Michigan. Its principal businesses include automotive financing, consumer banking, commercial finance and other lending services, primarily serving customers and businesses in the United States.

Through Ally Auto, the company provides retail installment loans and leases for new and used vehicles, along with financing and related services for automotive dealers. Ally Bank offers online checking and savings accounts, money market accounts, certificates of deposit and other deposit products.