Ally Financial (NYSE:ALLY) Price Target Raised to $44.00 at Barclays

Ally Financial (NYSE:ALLY) had its target price lifted by Barclays from $36.00 to $44.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other research firms also recently issued reports on ALLY. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Citigroup upped their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Evercore ISI lowered their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Keefe, Bruyette & Woods increased their target price on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ally Financial has a consensus rating of “Hold” and a consensus target price of $42.71.

Ally Financial Stock Performance

Shares of ALLY opened at $36.18 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50 day moving average is $36.84 and its 200-day moving average is $38.24. Ally Financial has a 12-month low of $31.77 and a 12-month high of $45.46. The stock has a market capitalization of $11.02 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.46 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Institutional Trading of Ally Financial

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in shares of Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 526 shares during the period. Commonwealth Equity Services LLC increased its position in Ally Financial by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 77,941 shares of the financial services provider’s stock worth $3,092,000 after buying an additional 3,070 shares during the last quarter. Natixis Advisors LLC increased its position in Ally Financial by 9.8% during the second quarter. Natixis Advisors LLC now owns 31,641 shares of the financial services provider’s stock worth $1,255,000 after buying an additional 2,828 shares during the last quarter. National Bank of Canada FI raised its stake in Ally Financial by 1,764.8% in the second quarter. National Bank of Canada FI now owns 32,541 shares of the financial services provider’s stock valued at $1,278,000 after buying an additional 30,796 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Ally Financial by 0.6% in the second quarter. Arizona State Retirement System now owns 75,147 shares of the financial services provider’s stock valued at $2,981,000 after buying an additional 480 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

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.