Truist Financial Cuts Ally Financial (NYSE:ALLY) Price Target to $41.00

Ally Financial (NYSE:ALLY - Free Report) had its price objective lowered by Truist Financial from $45.00 to $41.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the financial services provider's stock.

ALLY has been the topic of several other reports. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Jefferies Financial Group increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group raised their price target on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley reduced their price objective on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $41.69.

Ally Financial Price Performance

Shares of NYSE:ALLY traded down $0.24 on Tuesday, reaching $32.95. 4,237,971 shares of the company were exchanged, compared to its average volume of 3,537,580. The company has a 50-day moving average of $34.52 and a 200-day moving average of $36.08. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. 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 quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter in the prior year, the firm posted $0.45 EPS. Equities analysts forecast that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, 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 3.64%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's payout ratio is currently 88.24%.

Insider Buying and Selling

In related news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 8,200 shares of Ally Financial stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the transaction, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. This represents a 3.59 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Institutional Trading of Ally Financial

Several large investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock valued at $946,000 after purchasing an additional 280 shares during the period. EP Wealth Advisors LLC lifted its holdings in Ally Financial by 4.9% in the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock worth $229,000 after buying an additional 297 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after buying an additional 320 shares during the last quarter. Signet Financial Management LLC boosted its position in Ally Financial by 5.6% in the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock valued at $245,000 after buying an additional 357 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in shares of Ally Financial by 5.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock valued at $232,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds 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.