Ally Financial (NYSE:ALLY) Price Target Raised to $45.00

Ally Financial (NYSE:ALLY – Get Rating) had its price objective boosted by Citigroup from $34.00 to $45.00 in a research report sent to investors on Sunday morning, The Fly reports.

ALLY has been the topic of several other reports. Piper Sandler raised shares of Ally Financial from an underweight rating to a neutral rating and upped their price target for the company from $25.00 to $28.00 in a report on Monday, January 9th. Raymond James cut shares of Ally Financial from an outperform rating to a market perform rating in a report on Thursday, October 6th. StockNews.com cut shares of Ally Financial from a hold rating to a sell rating in a report on Monday, December 5th. S&P Equity Research set a $29.50 target price on shares of Ally Financial in a report on Monday, November 14th. Finally, Bank of America cut shares of Ally Financial from a buy rating to an underperform rating and dropped their target price for the stock from $35.00 to $26.00 in a report on Thursday, January 5th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of Hold and an average target price of $34.55.

Ally Financial Trading Up 20.0 %

ALLY opened at $31.43 on Friday. The stock has a market capitalization of $9.39 billion, a PE ratio of 6.32 and a beta of 1.27. The firm’s fifty day moving average price is $25.73 and its 200 day moving average price is $29.43. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.88 and a quick ratio of 0.87. Ally Financial has a 12-month low of $22.34 and a 12-month high of $51.05.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.82%. Ally Financial’s dividend payout ratio is currently 24.14%.

Insider Activity at Ally Financial

In related news, Director Marjorie Magner bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was purchased at an average price of $27.43 per share, for a total transaction of $54,860.00. Following the transaction, the director now directly owns 55,603 shares of the company’s stock, valued at approximately $1,525,190.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ally Financial

A number of institutional investors and hedge funds have recently bought and sold shares of ALLY. Private Trust Co. NA grew its position in Ally Financial by 99.8% in the 3rd quarter. Private Trust Co. NA now owns 891 shares of the financial services provider’s stock valued at $25,000 after buying an additional 445 shares in the last quarter. Syverson Strege & Co bought a new position in Ally Financial in the 2nd quarter valued at about $26,000. Denali Advisors LLC bought a new position in shares of Ally Financial during the 3rd quarter valued at about $28,000. Salem Investment Counselors Inc. boosted its position in shares of Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 345 shares in the last quarter. Finally, Tobam bought a new position in shares of Ally Financial during the 2nd quarter valued at about $32,000. Institutional investors own 90.35% of the company’s stock.

Ally Financial Company Profile

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Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.