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

Shares of Ally Financial Inc. (NYSE:ALLY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $53.6429.

Several research firms have commented on ALLY. Royal Bank Of Canada increased their target price on shares of Ally Financial from $52.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, July 10th. Barclays boosted their price target on Ally Financial from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Monday, April 20th. The Goldman Sachs Group upped their price target on Ally Financial from $50.00 to $56.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Finally, Evercore restated an "outperform" rating and issued a $54.00 target price on shares of Ally Financial in a report on Tuesday, April 21st.

Ally Financial Stock Performance

ALLY stock opened at $44.06 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 0.28 and a beta of 1.10. Ally Financial has a 12 month low of $35.92 and a 12 month high of $47.29. The firm has a 50 day moving average of $44.58 and a two-hundred day moving average of $42.53.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the company earned $0.99 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that Ally Financial will post 5.19 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 31st. Ally Financial's payout ratio is presently 28.30%.

Insider Activity

In related news, insider Stephanie N. Richard sold 5,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the transaction, the insider directly owned 88,927 shares in the company, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds have recently bought and sold shares of ALLY. Mirae Asset Global Investments Co. Ltd. bought a new stake in Ally Financial during the 4th quarter valued at approximately $29,000. Fideuram Asset Management Ireland dac bought a new position in Ally Financial in the 4th quarter worth approximately $35,000. Safe Harbor Fiduciary LLC bought a new position in Ally Financial in the 4th quarter worth approximately $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ally Financial during the fourth quarter worth approximately $38,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Ally Financial by 805.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider's stock worth $41,000 after buying an additional 797 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

About Ally Financial

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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