Ally Financial Inc. (NYSE:ALLY) Receives Average Rating of “Hold” from Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.38.

Several research firms have recently issued reports on ALLY. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Bank of America dropped their price objective on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Keefe, Bruyette & Woods reduced their target price on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. Finally, Evercore ISI reduced their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, October 7th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Ally Financial by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after purchasing an additional 987,489 shares during the period. Boston Partners acquired a new position in Ally Financial in the first quarter valued at about $152,079,000. Bank of New York Mellon Corp boosted its stake in Ally Financial by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock worth $146,670,000 after buying an additional 31,491 shares during the period. Donald Smith & CO. Inc. increased its position in shares of Ally Financial by 0.8% during the first quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock valued at $112,616,000 after acquiring an additional 21,657 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of Ally Financial by 90.9% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,529,093 shares of the financial services provider’s stock valued at $62,066,000 after acquiring an additional 727,966 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Stock Down 0.2 %

Shares of ALLY stock opened at $34.41 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. Ally Financial has a twelve month low of $23.26 and a twelve month high of $45.46. The stock has a 50 day moving average of $36.96 and a 200 day moving average of $38.98. The stock has a market cap of $10.46 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.42 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. As a group, sell-side analysts expect that Ally Financial will post 2.87 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, November 1st. Ally Financial’s payout ratio is presently 48.98%.

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.