Ally Financial’s (ALLY) Hold Rating Reaffirmed at Sandler O’Neill

Sandler O’Neill reissued their hold rating on shares of Ally Financial (NYSE:ALLY) in a report published on Friday. The brokerage currently has a $30.00 price target on the financial services provider’s stock.

A number of other analysts have also commented on the stock. ValuEngine raised shares of Ally Financial from a buy rating to a strong-buy rating in a research note on Friday, February 2nd. Piper Jaffray Companies reaffirmed a buy rating and set a $36.00 price objective on shares of Ally Financial in a research note on Tuesday, January 30th. Credit Suisse Group upped their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the company an outperform rating in a research note on Wednesday, January 31st. Morgan Stanley upped their price objective on shares of Ally Financial from $28.00 to $34.00 and gave the company an overweight rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Co reaffirmed an outperform rating and set a $35.00 price objective (up from $30.00) on shares of Ally Financial in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Ally Financial currently has a consensus rating of Buy and a consensus price target of $32.41.

Shares of Ally Financial (NYSE ALLY) traded up $0.17 during midday trading on Friday, reaching $28.06. 3,358,244 shares of the company’s stock were exchanged, compared to its average volume of 3,672,652. Ally Financial has a 52 week low of $18.11 and a 52 week high of $31.29. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 3.28. The firm has a market cap of $12,125.78, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $0.54 EPS. Ally Financial’s revenue was up 7.7% on a year-over-year basis. sell-side analysts anticipate that Ally Financial will post 3.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were issued a $0.13 dividend. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.85%. Ally Financial’s dividend payout ratio is currently 25.37%.

Several institutional investors and hedge funds have recently modified their holdings of ALLY. Stifel Financial Corp increased its holdings in shares of Ally Financial by 40.9% in the 2nd quarter. Stifel Financial Corp now owns 15,183 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 4,405 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Ally Financial by 15.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,208 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 2,566 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Ally Financial by 69.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,583 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 9,223 shares during the period. Toronto Dominion Bank increased its holdings in shares of Ally Financial by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,070 shares during the period. Finally, Shell Asset Management Co. increased its holdings in shares of Ally Financial by 27.5% in the 3rd quarter. Shell Asset Management Co. now owns 34,220 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 7,387 shares during the period.

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Ally Financial Company Profile

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.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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