Brokerages Set Ally Financial Inc. (NYSE:ALLY) PT at $42.06

Shares of Ally Financial Inc. (NYSE:ALLY) have been given a consensus recommendation of “Hold” by the eighteen brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.69.

Several analysts recently issued reports on the company. StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their price target on Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Barclays increased their target price on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st.

Insider Activity

In related news, CEO Michael George Rhodes acquired 25,634 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction on Friday, January 24th. The stock was bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 52,934 shares of company stock valued at $2,008,170 over the last quarter. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Copia Wealth Management acquired a new stake in shares of Ally Financial in the 1st quarter worth $27,000. Bessemer Group Inc. grew its holdings in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 377 shares during the last quarter. Principal Securities Inc. increased its position in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after buying an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Ally Financial in the 4th quarter valued at about $43,000. Finally, UMB Bank n.a. raised its holdings in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,061 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

ALLY stock opened at $32.11 on Friday. Ally Financial has a 1-year low of $29.52 and a 1-year high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a market cap of $9.86 billion, a PE ratio of 12.35, a P/E/G ratio of 0.32 and a beta of 1.12. The business’s 50-day moving average price is $34.75 and its two-hundred day moving average price is $36.10.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the company posted $0.45 EPS. As a group, research analysts forecast that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s dividend payout ratio is currently 88.24%.

Ally Financial Company Profile

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.