Ally Financial Inc. (NYSE:ALLY) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Shares of Ally Financial have a consensus rating of Moderate Buy from 16 analysts (13 buys, 3 holds) with an average 12‑month target of $54.14, and several firms recently lifted price targets into the $52–$57 range.
• Ally beat Q4 estimates with EPS $1.11 vs. $0.93 expected and revenue of $2.18B (+36.4% y/y), and analysts project roughly 5.3 EPS for the current year.
• The company announced a quarterly dividend of $0.30 ($1.20 annualized, ~2.7% yield), with an ex‑dividend date of May 1 and payment on May 15.

Shares of Ally Financial Inc. (NYSE:ALLY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $54.1429.

ALLY has been the subject of several research analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $52.00 price objective on shares of Ally Financial in a research note on Monday, January 12th. Morgan Stanley raised their price objective on Ally Financial from $53.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, April 20th. Barclays lifted their price target on Ally Financial from $54.00 to $56.00 and gave the company an "equal weight" rating in a research report on Monday, April 20th. TD Cowen reiterated a "buy" rating on shares of Ally Financial in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Ally Financial from $55.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, January 22nd.

Insider Buying and Selling

In other news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction that occurred on 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 sale, the insider directly owned 477,627 shares of the company's stock, valued at $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company's stock.

Hedge Funds Weigh In On Ally Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chung Wu Investment Group LLC raised its holdings in shares of Ally Financial by 224.1% in the 3rd quarter. Chung Wu Investment Group LLC now owns 38,890 shares of the financial services provider's stock valued at $1,524,000 after buying an additional 26,890 shares during the period. NewSquare Capital LLC raised its holdings in shares of Ally Financial by 21,520.9% in the 3rd quarter. NewSquare Capital LLC now owns 27,891 shares of the financial services provider's stock valued at $1,093,000 after buying an additional 27,762 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ally Financial in the 3rd quarter valued at $1,194,000. Principal Financial Group Inc. raised its holdings in shares of Ally Financial by 7.5% in the 3rd quarter. Principal Financial Group Inc. now owns 674,471 shares of the financial services provider's stock valued at $26,439,000 after buying an additional 47,184 shares during the period. Finally, Prana Capital Management LP raised its holdings in shares of Ally Financial by 177.3% in the 3rd quarter. Prana Capital Management LP now owns 178,762 shares of the financial services provider's stock valued at $7,007,000 after buying an additional 114,305 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Trading Down 0.0%

Shares of NYSE:ALLY opened at $44.39 on Wednesday. Ally Financial has a 52-week low of $31.45 and a 52-week high of $47.27. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.27 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The business has a 50-day moving average price of $40.54 and a 200-day moving average price of $41.60.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same period last year, the business posted $0.58 earnings per share. The company's revenue for the quarter was up 36.4% compared to the same quarter last year. Equities analysts predict that Ally Financial will post 5.3 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 1st. Ally Financial's dividend payout ratio (DPR) 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.

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