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

Ally Financial Inc. (NYSE:ALLY) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $54.1429.

A number of brokerages have weighed in on ALLY. Barclays boosted their price target on Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings cut Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group boosted their price target on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Truist Financial set a $54.00 price objective on Ally Financial in a research note on Tuesday, April 21st.

Insider Transactions at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the transaction, the insider directly owned 477,627 shares in the company, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the completion of the transaction, the insider owned 93,927 shares in the company, valued at $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Ally Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Ally Financial by 19.5% during the fourth quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock valued at $646,347,000 after acquiring an additional 2,332,610 shares during the period. Dimensional Fund Advisors LP increased its stake in Ally Financial by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider’s stock valued at $353,776,000 after acquiring an additional 309,638 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Ally Financial by 11.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,783,947 shares of the financial services provider’s stock valued at $266,134,000 after acquiring an additional 712,443 shares during the period. Geode Capital Management LLC increased its stake in Ally Financial by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after acquiring an additional 241,000 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Ally Financial by 0.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock valued at $175,137,000 after acquiring an additional 20,198 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

ALLY opened at $45.44 on Thursday. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.28 and a beta of 1.10. Ally Financial has a 1 year low of $35.92 and a 1 year high of $47.27. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average price of $43.14 and a 200 day moving average price of $42.41.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. Analysts forecast that Ally Financial will post 5.28 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.30 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Ally Financial’s payout ratio is presently 29.27%.

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.