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.

Ally Financial Trading Up 3.4 %

NYSE:ALLY opened at $36.90 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.46. Ally Financial has a 1-year low of $31.66 and a 1-year high of $56.28. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 5.14, a price-to-earnings-growth ratio of 0.15 and a beta of 1.33. The stock has a fifty day simple moving average of $34.34 and a 200 day simple moving average of $40.56.

Ally Financial (NYSE:ALLY - Get Rating) last released its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $1.76 earnings per share 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 period last year, the business posted $2.33 earnings per share. Sell-side analysts forecast that Ally Financial will post 7.26 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were given a $0.30 dividend. The ex-dividend date was Friday, July 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. Ally Financial's dividend payout ratio (DPR) is 17.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALLY. Jefferies Financial Group reaffirmed a "buy" rating and set a $50.00 price objective on shares of Ally Financial in a research note on Wednesday, July 13th. Morgan Stanley decreased their target price on Ally Financial from $44.00 to $41.00 and set an "overweight" rating for the company in a report on Wednesday, July 20th. Compass Point decreased their target price on Ally Financial to $54.00 in a report on Monday, July 4th. Piper Sandler cut Ally Financial from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $45.00 to $34.00 in a report on Wednesday, August 3rd. Finally, Barclays decreased their price target on Ally Financial from $68.00 to $56.00 and set an "overweight" rating for the company in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $50.64.