Ally Financial Inc. (NYSE:ALLY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Ally Financial Inc. has received a consensus rating of "Moderate Buy" from 17 brokerages, with 9 analysts suggesting a buy and 8 recommending a hold.
• The company's shares recently opened at $36.96 and have a 1-year high of $44.83 and a low of $29.52, reflecting recent market fluctuations.
• Ally Financial will pay a quarterly dividend of $0.30 per share on November 14th, with an annualized yield of 3.2%.

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $45.1429.

ALLY has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Ally Financial in a research report on Saturday, September 27th. Evercore ISI reduced their price objective on Ally Financial from $45.00 to $44.00 and set an "in-line" rating for the company in a research note on Tuesday, September 30th. Truist Financial raised their price objective on Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wells Fargo & Company raised Ally Financial from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $37.00 to $45.00 in a research note on Tuesday, September 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective on Ally Financial from $56.00 to $51.00 and set an "outperform" rating for the company in a research note on Wednesday, October 1st.

Ally Financial Stock Down 5.7%

Shares of ALLY stock opened at $36.96 on Friday. Ally Financial has a 1 year low of $29.52 and a 1 year high of $44.83. The stock has a market cap of $11.38 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 0.31 and a beta of 1.18. The business's fifty day moving average is $40.21 and its 200-day moving average is $37.40. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The company had revenue of $2.06 billion for the quarter. Equities analysts expect that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.

Institutional Trading of Ally Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Ally Financial by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,797,505 shares of the financial services provider's stock worth $320,855,000 after buying an additional 134,113 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Ally Financial in the first quarter worth $253,881,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Ally Financial by 39.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,400,560 shares of the financial services provider's stock worth $210,352,000 after buying an additional 1,523,425 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Ally Financial by 10.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,658,877 shares of the financial services provider's stock worth $169,909,000 after buying an additional 456,698 shares during the period. Finally, First Manhattan CO. LLC. boosted its position in shares of Ally Financial by 0.8% in the first quarter. First Manhattan CO. LLC. now owns 4,258,760 shares of the financial services provider's stock worth $155,317,000 after buying an additional 32,121 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

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.

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