Ally Financial (NYSE:ALLY) Price Target Raised to $22.00

Ally Financial (NYSE:ALLY – Get Rating) had its price target upped by Morgan Stanley from $19.00 to $22.00 in a report published on Monday, Benzinga reports. The firm currently has an underweight rating on the financial services provider’s stock.

Several other research analysts have also commented on ALLY. Stephens lowered their price objective on shares of Ally Financial from $39.00 to $26.00 and set an equal weight rating for the company in a research note on Thursday, October 20th. The Goldman Sachs Group cut their price objective on Ally Financial from $40.00 to $36.00 and set a buy rating on the stock in a research report on Tuesday, October 4th. TheStreet lowered Ally Financial from a b- rating to a c+ rating in a report on Wednesday, October 19th. StockNews.com downgraded Ally Financial from a hold rating to a sell rating in a report on Monday, December 5th. Finally, Jefferies Financial Group cut Ally Financial from a buy rating to a hold rating and decreased their price objective for the company from $40.00 to $25.00 in a research note on Tuesday, January 10th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $35.08.

Ally Financial Price Performance

ALLY stock opened at $32.30 on Monday. The business’s fifty day moving average price is $25.82 and its 200 day moving average price is $29.41. Ally Financial has a 12-month low of $22.34 and a 12-month high of $51.05. The company has a market capitalization of $9.65 billion, a PE ratio of 6.50 and a beta of 1.27. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.64.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.72%. Ally Financial’s dividend payout ratio is presently 24.14%.

Institutional Trading of Ally Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Veriti Management LLC boosted its position in shares of Ally Financial by 21.1% in the 4th quarter. Veriti Management LLC now owns 9,552 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 1,666 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at approximately $1,519,000. Magnolia Group LLC grew its position in shares of Ally Financial by 9.4% during the fourth quarter. Magnolia Group LLC now owns 3,407,000 shares of the financial services provider’s stock worth $83,301,000 after acquiring an additional 292,000 shares during the last quarter. Rothschild Investment Corp IL increased its holdings in shares of Ally Financial by 1.4% in the 4th quarter. Rothschild Investment Corp IL now owns 40,288 shares of the financial services provider’s stock valued at $985,000 after acquiring an additional 557 shares during the period. Finally, Pendal Group Ltd raised its position in Ally Financial by 225.4% in the 4th quarter. Pendal Group Ltd now owns 36,872 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 25,542 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Ally Financial Company Profile

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Ally Financial, Inc is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.