Morgan Stanley reaffirmed their equal weight rating on shares of Ally Financial (NYSE:ALLY) in a research report report published on Thursday. The firm currently has a $28.00 target price on the financial services provider’s stock, up from their previous target price of $26.00.

A number of other equities analysts have also weighed in on the stock. BidaskClub lowered shares of Ally Financial from a strong-buy rating to a buy rating in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Ally Financial from a sell rating to a hold rating and set a $29.00 target price for the company in a research report on Friday, October 27th. BTIG Research restated a buy rating and set a $30.00 target price on shares of Ally Financial in a research report on Thursday, October 26th. Credit Suisse Group upped their target price on shares of Ally Financial from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Thursday, October 26th. Finally, Barclays upped their target price on shares of Ally Financial from $24.00 to $26.00 and gave the stock an overweight rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Ally Financial currently has a consensus rating of Buy and a consensus price target of $27.27.

Shares of Ally Financial (NYSE:ALLY) traded up $0.39 during trading hours on Thursday, hitting $27.25. 4,299,590 shares of the company were exchanged, compared to its average volume of 4,308,311. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial has a 12-month low of $18.11 and a 12-month high of $27.42. The company has a market capitalization of $11,722.35, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.46.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. equities research analysts anticipate that Ally Financial will post 2.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, October 31st. Ally Financial’s payout ratio is 22.22%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Ally Financial by 1.1% in the second quarter. Franklin Resources Inc. now owns 19,424,589 shares of the financial services provider’s stock valued at $405,975,000 after acquiring an additional 209,001 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Ally Financial by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 18,536,031 shares of the financial services provider’s stock valued at $442,825,000 after acquiring an additional 1,251,678 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Ally Financial by 36.6% in the second quarter. Canada Pension Plan Investment Board now owns 9,244,175 shares of the financial services provider’s stock valued at $193,203,000 after acquiring an additional 2,476,190 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Ally Financial by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 8,683,736 shares of the financial services provider’s stock valued at $210,668,000 after acquiring an additional 114,270 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in shares of Ally Financial by 4.5% in the second quarter. Wedge Capital Management L L P NC now owns 7,536,055 shares of the financial services provider’s stock valued at $157,504,000 after acquiring an additional 326,850 shares during the period.

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Ally Financial Company Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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