Ally Financial Inc. (NYSE:ALLY) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Ally Financial Inc. has received a consensus rating of "Hold" from seventeen research firms, with one sell, seven hold, and nine buy recommendations.
• The average 12-month target price for Ally Financial is $42.80, reflecting recent adjustments from analysts, including Morgan Stanley and JPMorgan Chase.
• Ally Financial recently reported earnings of $0.99 per share, exceeding the estimate of $0.78, alongside a quarterly revenue of $2.08 billion, which was higher than the expected $2.03 billion.

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $42.80.

A number of equities research analysts have weighed in on ALLY shares. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $47.00 price objective (up from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price objective on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Truist Financial raised their price objective on Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, July 24th.

Institutional Trading of Ally Financial

A number of hedge funds have recently added to or reduced their stakes in ALLY. Raymond James Financial Inc. acquired a new stake in shares of Ally Financial during the 4th quarter valued at $2,337,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Ally Financial by 24.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,256 shares of the financial services provider's stock valued at $369,000 after acquiring an additional 2,028 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Ally Financial by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 156,242 shares of the financial services provider's stock valued at $5,626,000 after purchasing an additional 12,817 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Ally Financial by 18.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,026 shares of the financial services provider's stock valued at $793,000 after purchasing an additional 3,469 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Ally Financial by 113.2% during the fourth quarter. Stifel Financial Corp now owns 60,101 shares of the financial services provider's stock valued at $2,164,000 after purchasing an additional 31,915 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Trading Up 0.5%

Shares of Ally Financial stock opened at $38.43 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 0.30 and a beta of 1.16. The firm's 50-day moving average price is $38.61 and its two-hundred day moving average price is $36.27. Ally Financial has a 12-month low of $29.52 and a 12-month high of $43.86.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.21. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. On average, analysts forecast that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.

About Ally Financial

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.

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