Ally Financial (NYSE:ALLY - Free Report) had its price objective boosted by Truist Financial from $44.00 to $45.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the financial services provider's stock.
ALLY has been the topic of several other research reports. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Bank of America dropped their price target on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. Morgan Stanley reiterated an "overweight" rating and set a $47.00 price target (up previously from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of "Hold" and a consensus target price of $42.80.
Read Our Latest Stock Analysis on Ally Financial
Ally Financial Stock Performance
NYSE:ALLY traded up $0.16 during trading hours on Thursday, reaching $38.54. The company had a trading volume of 2,691,746 shares, compared to its average volume of 3,354,050. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial has a 52 week low of $29.52 and a 52 week high of $45.46. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 0.30 and a beta of 1.15. The firm's 50 day moving average price is $37.60 and its 200-day moving average price is $36.22.
Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.21. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm's revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that Ally Financial will post 3.57 EPS for the current year.
Ally Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, August 1st. Ally Financial's payout ratio is currently 77.92%.
Insider Buying and Selling
In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were 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 in the company, valued at $2,905,038.18. The trade was a 8.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by insiders.
Institutional Trading of Ally Financial
Hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC purchased a new stake in Ally Financial in the 1st quarter worth $25,000. Copia Wealth Management bought a new stake in shares of Ally Financial in the 1st quarter worth about $27,000. SVB Wealth LLC bought a new stake in shares of Ally Financial in the 1st quarter worth about $27,000. Private Trust Co. NA increased its holdings in shares of Ally Financial by 125.7% in the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock worth $33,000 after buying an additional 509 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Ally Financial by 59.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.
Ally Financial Company Profile
(
Get Free Report)
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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