Ally Financial (NYSE:ALLY) Price Target Raised to $43.00

Ally Financial (NYSE:ALLY) had its target price lifted by JPMorgan Chase & Co. from $40.00 to $43.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on ALLY. Morgan Stanley raised their price target on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Truist Financial started coverage on Ally Financial in a report on Tuesday, January 7th. They issued a “buy” rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods raised their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.47.

Ally Financial Stock Performance

Ally Financial stock opened at $39.03 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a fifty day moving average price of $37.06 and a two-hundred day moving average price of $37.94. Ally Financial has a 52-week low of $31.95 and a 52-week high of $45.46. The firm has a market capitalization of $11.89 billion, a P/E ratio of 15.01, a P/E/G ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2,021,808.41 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that Ally Financial will post 3.91 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, January 31st. Ally Financial’s payout ratio is presently 46.15%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its stake in Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares during the period. Allworth Financial LP boosted its stake in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the period. Quarry LP boosted its stake in Ally Financial by 311.4% in the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,143 shares during the period. UMB Bank n.a. boosted its stake in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,061 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Ally Financial in the 3rd quarter valued at $63,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.