Ally Financial - ALLY Stock Forecast, Price & News

Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Ally Financial from $44.00 to $41.00 and set an "overweight" rating for the company in a research note on Wednesday, July 20th. Wells Fargo & Company dropped their price target on Ally Financial from $57.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, April 18th. Keefe, Bruyette & Woods decreased their price objective on shares of Ally Financial from $63.00 to $47.00 in a research report on Monday, July 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ally Financial from $70.00 to $55.00 in a report on Wednesday, July 20th. Finally, Evercore ISI downgraded shares of Ally Financial from an "outperform" rating to an "in-line" rating and set a $36.00 price target on the stock. in a report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.64.

Ally Financial Stock Performance

Ally Financial stock opened at $32.58 on Monday. The stock has a fifty day moving average price of $35.32 and a 200 day moving average price of $41.10. Ally Financial has a 52 week low of $31.66 and a 52 week high of $56.28. The firm has a market capitalization of $10.05 billion, a P/E ratio of 4.69, a PEG ratio of 0.14 and a beta of 1.33. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.46.

Ally Financial (NYSE:ALLY - Get Rating) last posted its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $1.76 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.19). Ally Financial had a net margin of 29.79% and a return on equity of 20.99%. During the same quarter last year, the company posted $2.33 EPS. Equities research analysts anticipate that Ally Financial will post 7.36 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.20 annualized dividend and a dividend yield of 3.68%. Ally Financial's dividend payout ratio is presently 17.29%.