Ally Financial Inc. (NYSE:ALLY) Receives Average Recommendation of “Hold” from Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have been given an average rating of “Hold” by the eighteen research firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $38.47.

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Ally Financial in a report on Wednesday, January 10th. They set a “buy” rating and a $47.00 price objective for the company. Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Morgan Stanley upgraded Ally Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $37.00 to $47.00 in a research report on Thursday, February 8th. JPMorgan Chase & Co. cut Ally Financial from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $37.00 to $39.00 in a report on Wednesday, April 3rd. Finally, TD Cowen upped their target price on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, April 19th.

Ally Financial Trading Up 0.2 %

Ally Financial stock opened at $39.49 on Friday. The business has a 50 day moving average price of $38.50 and a two-hundred day moving average price of $34.26. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. Ally Financial has a 12 month low of $22.54 and a 12 month high of $41.56. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. Ally Financial’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts forecast that Ally Financial will post 2.99 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. Ally Financial’s payout ratio is currently 48.98%.

Hedge Funds Weigh In On Ally Financial

Several hedge funds have recently added to or reduced their stakes in ALLY. Trust Co. of Toledo NA OH raised its position in Ally Financial by 1.7% in the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after buying an additional 287 shares during the last quarter. WBI Investments LLC grew its stake in shares of Ally Financial by 2.2% during the 4th quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock worth $511,000 after acquiring an additional 316 shares in the last quarter. Signet Financial Management LLC raised its holdings in shares of Ally Financial by 4.8% in the first quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 330 shares during the last quarter. Spire Wealth Management lifted its position in shares of Ally Financial by 11.4% in the third quarter. Spire Wealth Management now owns 4,146 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 425 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in Ally Financial by 1.4% during the fourth quarter. Xponance Inc. now owns 33,366 shares of the financial services provider’s stock worth $1,165,000 after purchasing an additional 472 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

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.