Ally Financial (NYSE:ALLY) PT Raised to $43.00

Ally Financial (NYSE:ALLY - Free Report) had its price target increased by TD Cowen from $42.00 to $43.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a hold rating on the financial services provider's stock.

Several other equities analysts have also recently issued reports on ALLY. BMO Capital Markets boosted their target price on Ally Financial from $36.00 to $37.00 and gave the company a market perform rating in a research note on Friday. Raymond James lowered shares of Ally Financial from a market perform rating to an underperform rating in a research note on Friday, January 5th. Morgan Stanley raised shares of Ally Financial from an equal weight rating to an overweight rating and increased their price target for the stock from $37.00 to $47.00 in a research note on Thursday, February 8th. Wells Fargo & Company raised their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the stock an underweight rating in a report on Wednesday, April 10th. Finally, Bank of America raised Ally Financial from a neutral rating to a buy rating and increased their target price for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $38.47.

Ally Financial Trading Up 1.0 %

Ally Financial stock traded up $0.37 during trading hours on Friday, reaching $39.08. The stock had a trading volume of 7,235,932 shares, compared to its average volume of 4,012,614. The company has a fifty day simple moving average of $37.65 and a 200-day simple moving average of $32.82. Ally Financial has a 52 week low of $22.54 and a 52 week high of $41.56. The stock has a market cap of $11.88 billion, a PE ratio of 13.07, a PEG ratio of 0.53 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.90 and a quick ratio of 0.90.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business posted $0.82 earnings per share. Ally Financial's revenue for the quarter was down 5.4% on a year-over-year basis. Analysts forecast that Ally Financial will post 2.94 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial's payout ratio is 40.13%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ALLY. NBC Securities Inc. purchased a new stake in Ally Financial in the third quarter worth approximately $26,000. Salem Investment Counselors Inc. lifted its holdings in shares of Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider's stock valued at $28,000 after buying an additional 345 shares during the period. PCA Investment Advisory Services Inc. purchased a new position in shares of Ally Financial in the 2nd quarter worth $30,000. Northwest Financial Advisors bought a new stake in shares of Ally Financial in the fourth quarter worth $31,000. Finally, Rise Advisors LLC purchased a new stake in Ally Financial during the first quarter valued at $32,000. Hedge funds and other institutional investors 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.