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

Key Points

• Ally Financial Inc. has received a consensus recommendation of "Moderate Buy" from 17 analysts, with 9 buy and 8 hold ratings.
• The company's average price objective among brokerages is $45.14, reflecting positive sentiment toward its future performance.
• Ally Financial recently declared a quarterly dividend of $0.30 per share, yielding approximately 3.2%, with payment set for November 14th.

Shares of Ally Financial Inc. (NYSE:ALLY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seventeen analysts that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $45.1429.

Several analysts recently commented on ALLY shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ally Financial in a report on Saturday, September 27th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. Morgan Stanley lifted their price objective on Ally Financial from $47.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Wells Fargo & Company raised Ally Financial from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $37.00 to $45.00 in a report on Tuesday, September 2nd. Finally, BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a report on Monday, July 14th.

Institutional Trading of Ally Financial

Several hedge funds have recently bought and sold shares of the stock. Sara Bay Financial grew its holdings in Ally Financial by 1.6% during the third quarter. Sara Bay Financial now owns 24,017 shares of the financial services provider's stock valued at $941,000 after purchasing an additional 370 shares during the period. Board of the Pension Protection Fund bought a new stake in Ally Financial during the third quarter valued at about $321,000. Oak Thistle LLC grew its holdings in Ally Financial by 273.9% during the third quarter. Oak Thistle LLC now owns 73,320 shares of the financial services provider's stock valued at $2,874,000 after purchasing an additional 53,709 shares during the period. GAMMA Investing LLC grew its holdings in Ally Financial by 16.0% during the third quarter. GAMMA Investing LLC now owns 5,594 shares of the financial services provider's stock valued at $219,000 after purchasing an additional 773 shares during the period. Finally, Straightline Group LLC grew its holdings in Ally Financial by 3.0% during the second quarter. Straightline Group LLC now owns 16,810 shares of the financial services provider's stock valued at $655,000 after purchasing an additional 485 shares during the period. Institutional investors own 88.76% of the company's stock.

Ally Financial Stock Down 5.7%

ALLY stock opened at $36.96 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial has a 1-year low of $29.52 and a 1-year high of $44.83. The stock has a market capitalization of $11.38 billion, a P/E ratio of 24.00, a P/E/G ratio of 0.31 and a beta of 1.18. The business has a fifty day moving average price of $40.21 and a 200-day moving average price of $37.40.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 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 during the quarter. Equities 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 declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 31st. Ally Financial's payout ratio is currently 77.92%.

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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