Ally Financial (NYSE:ALLY) had its price target boosted by Morgan Stanley from $30.00 to $32.00 in a research report report published on Monday, BenzingaRatingsTable reports. They currently have an equal weight rating on the financial services provider’s stock.
A number of other research analysts have also recently weighed in on the stock. Oppenheimer set a $33.00 price objective on shares of Ally Financial and gave the company a buy rating in a report on Wednesday, April 17th. Zacks Investment Research raised shares of Ally Financial from a hold rating to a buy rating and set a $32.00 price objective for the company in a report on Thursday, April 11th. ValuEngine raised shares of Ally Financial from a sell rating to a hold rating in a report on Tuesday, January 15th. Barclays cut their price objective on shares of Ally Financial from $35.00 to $34.00 and set an overweight rating for the company in a report on Wednesday, January 2nd. Finally, BTIG Research initiated coverage on shares of Ally Financial in a report on Thursday, January 24th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $32.85.
NYSE ALLY opened at $29.95 on Monday. The firm has a market cap of $11.92 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.50 and a beta of 1.36. Ally Financial has a 1 year low of $20.60 and a 1 year high of $30.20. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.15 and a quick ratio of 1.15.
Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. Ally Financial had a net margin of 23.12% and a return on equity of 11.01%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. On average, equities analysts predict that Ally Financial will post 3.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.27%. Ally Financial’s dividend payout ratio is currently 20.36%.
In other news, CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.73, for a total transaction of $61,616.06. Following the completion of the sale, the chief accounting officer now owns 112,423 shares of the company’s stock, valued at $3,117,489.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Jonathan Brown sold 97,311 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $27.01, for a total transaction of $2,628,370.11. Following the sale, the chief executive officer now directly owns 632,569 shares of the company’s stock, valued at approximately $17,085,688.69. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ALLY. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Ally Financial during the first quarter worth about $31,000. Private Capital Group LLC increased its stake in shares of Ally Financial by 53.5% during the fourth quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 634 shares in the last quarter. Enlightenment Research LLC purchased a new stake in shares of Ally Financial during the fourth quarter worth about $54,000. Truvestments Capital LLC purchased a new stake in shares of Ally Financial during the first quarter worth about $74,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Ally Financial by 2,129.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,394,346 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 2,286,941 shares in the last quarter.
About Ally Financial
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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