Shares of Ally Financial (NYSE:ALLY) have been assigned an average recommendation of “Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.86.
Several brokerages have recently commented on ALLY. Zacks Investment Research raised Ally Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Stephens reissued an “equal weight” rating on shares of Ally Financial in a research note on Thursday, April 12th. Wells Fargo reissued an “outperform” rating and issued a $35.00 price objective (up from $30.00) on shares of Ally Financial in a research note on Wednesday, January 31st. Oppenheimer set a $35.00 price objective on Ally Financial and gave the stock a “buy” rating in a research note on Thursday, April 12th. Finally, Morgan Stanley lowered their price objective on Ally Financial from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 27th.
A number of large investors have recently added to or reduced their stakes in the business. CIBC World Markets Inc. purchased a new stake in Ally Financial in the first quarter worth $1,812,000. Xact Kapitalforvaltning AB increased its position in Ally Financial by 3.8% in the first quarter. Xact Kapitalforvaltning AB now owns 69,430 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 2,556 shares during the last quarter. Royal Bank of Canada increased its position in Ally Financial by 5.6% in the first quarter. Royal Bank of Canada now owns 1,718,760 shares of the financial services provider’s stock worth $46,664,000 after buying an additional 91,715 shares during the last quarter. Kenmare Capital Partners L.L.C. increased its position in Ally Financial by 10.0% in the first quarter. Kenmare Capital Partners L.L.C. now owns 386,995 shares of the financial services provider’s stock worth $10,507,000 after buying an additional 35,300 shares during the last quarter. Finally, Assetmark Inc. increased its position in Ally Financial by 319.4% in the first quarter. Assetmark Inc. now owns 60,198 shares of the financial services provider’s stock worth $1,634,000 after buying an additional 45,843 shares during the last quarter.
Shares of Ally Financial traded down $0.05, hitting $26.94, on Monday, MarketBeat reports. The company had a trading volume of 2,228,523 shares, compared to its average volume of 3,331,210. The company has a market cap of $11.61 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.72 and a beta of 1.38. Ally Financial has a 1 year low of $18.26 and a 1 year high of $31.29. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 3.45.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. Ally Financial had a return on equity of 8.71% and a net margin of 14.20%. During the same period in the prior year, the business posted $0.48 earnings per share. research analysts anticipate that Ally Financial will post 2.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, April 30th. Ally Financial’s payout ratio is 21.76%.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.