BMO Capital Markets lowered shares of Ally Financial (NYSE:ALLY) from an outperform rating to a market perform rating in a research note released on Wednesday, January 31st, Marketbeat Ratings reports. They currently have $32.00 price objective on the financial services provider’s stock.
Several other research firms have also recently weighed in on ALLY. Oppenheimer set a $38.00 price objective on Ally Financial and gave the stock a buy rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. lowered Ally Financial from an overweight rating to a neutral rating in a research note on Friday, January 12th. Sandler O’Neill restated a hold rating on shares of Ally Financial in a research note on Monday, January 22nd. Jefferies Group restated a buy rating and set a $35.00 price target on shares of Ally Financial in a research note on Thursday, January 11th. Finally, Stephens set a $27.00 price objective on Ally Financial and gave the company a sell rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Ally Financial currently has a consensus rating of Buy and a consensus price target of $32.56.
Shares of Ally Financial (NYSE:ALLY) opened at $28.49 on Wednesday. The stock has a market capitalization of $12,600.00, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.73 and a beta of 1.39. Ally Financial has a 12-month low of $18.11 and a 12-month high of $31.29. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts forecast that Ally Financial will post 3.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.13 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s dividend payout ratio is 25.62%.
Several hedge funds have recently bought and sold shares of ALLY. Bank of New York Mellon Corp raised its stake in Ally Financial by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,683,736 shares of the financial services provider’s stock worth $210,668,000 after buying an additional 114,270 shares during the period. Bank of Nova Scotia acquired a new stake in Ally Financial during the 2nd quarter worth $2,262,000. State Treasurer State of Michigan raised its stake in Ally Financial by 163.0% during the 3rd quarter. State Treasurer State of Michigan now owns 3,762,933 shares of the financial services provider’s stock worth $91,289,000 after buying an additional 2,331,967 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in Ally Financial by 2.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,000 shares of the financial services provider’s stock worth $4,361,000 after buying an additional 3,600 shares during the period. Finally, Saturna Capital CORP acquired a new stake in Ally Financial during the 3rd quarter worth $635,000.
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About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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