Ally Financial Inc. (NYSE:ALLY) Receives Average Rating of "Hold" from Analysts

Ally Financial Inc. (NYSE:ALLY - Get Free Report) has earned a consensus recommendation of "Hold" from the seventeen brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $41.60.

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, April 21st. BTIG Research downgraded shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a research report on Tuesday, March 25th. Citigroup restated a "buy" rating and set a $59.00 price objective (up previously from $55.00) on shares of Ally Financial in a report on Wednesday. Finally, Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th.

Insider Activity

In related news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider owned 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction that occurred on Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, with a total value of $252,642.00. Following the acquisition, the chief financial officer directly owned 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ally Financial

A number of large investors have recently modified their holdings of ALLY. Proficio Capital Partners LLC acquired a new position in Ally Financial during the fourth quarter valued at approximately $2,534,000. State of Michigan Retirement System boosted its holdings in shares of Ally Financial by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 71,664 shares of the financial services provider's stock valued at $2,581,000 after buying an additional 600 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of Ally Financial by 51.3% in the 4th quarter. Aigen Investment Management LP now owns 48,837 shares of the financial services provider's stock valued at $1,759,000 after buying an additional 16,569 shares during the last quarter. Arizona State Retirement System increased its holdings in Ally Financial by 1.6% during the fourth quarter. Arizona State Retirement System now owns 79,643 shares of the financial services provider's stock worth $2,868,000 after buying an additional 1,262 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Ally Financial during the fourth quarter worth $2,337,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Up 0.7%

Shares of NYSE:ALLY traded up $0.30 during trading on Thursday, hitting $41.20. 1,977,599 shares of the company's stock were exchanged, compared to its average volume of 3,789,369. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. The firm has a market cap of $12.66 billion, a P/E ratio of 30.29, a PEG ratio of 0.38 and a beta of 1.15. The firm has a 50-day moving average price of $35.75 and a two-hundred day moving average price of $35.76. Ally Financial has a 1-year low of $29.52 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. During the same quarter in the previous year, the business earned $0.45 EPS. Equities analysts predict that Ally Financial will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's dividend payout ratio is 88.24%.

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.