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

Shares of Ally Financial Inc. (NYSE:ALLY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $53.6429.

A number of equities research analysts have commented on ALLY shares. Truist Financial cut their target price on shares of Ally Financial from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $58.00 price target on shares of Ally Financial in a report on Wednesday, July 22nd. Wells Fargo & Company raised their price target on Ally Financial from $52.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, June 26th. Royal Bank Of Canada lifted their price objective on Ally Financial from $52.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. Finally, Citigroup reduced their price objective on Ally Financial from $70.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, June 23rd.

Insider Activity at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total transaction of $221,150.00. Following the completion of the sale, the insider owned 88,927 shares of the company's stock, valued at $3,933,241.21. This represents a 5.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by insiders.

Institutional Trading of Ally Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont purchased a new position in shares of Ally Financial during the 2nd quarter worth $36,000. Fideuram Asset Management Ireland dac purchased a new position in Ally Financial during the fourth quarter valued at $35,000. Safe Harbor Fiduciary LLC bought a new stake in Ally Financial during the fourth quarter valued at about $37,000. Harvest Fund Management Co. Ltd bought a new stake in Ally Financial during the fourth quarter valued at about $38,000. Finally, CIBC Private Wealth Group LLC increased its position in Ally Financial by 805.1% in 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 in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Price Performance

ALLY opened at $42.16 on Tuesday. The company's 50-day simple moving average is $44.45 and its two-hundred day simple moving average is $42.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $12.83 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.26 and a beta of 1.10. Ally Financial has a 52-week low of $35.92 and a 52-week high of $47.29.

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 analysts' consensus estimates of $1.22 by ($0.01). Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The business's revenue was up 9.8% compared to the same quarter last year. As a group, analysts predict that Ally Financial will post 5.19 EPS for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, July 31st. Ally Financial's payout ratio is currently 28.30%.

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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