Ally Financial Inc. (NYSE:ALLY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have received a consensus recommendation of “Hold” from the nineteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $43.76.

A number of equities analysts have issued reports on ALLY shares. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wolfe Research cut shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Royal Bank of Canada upped their target price on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their price target on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Ally Financial during the fourth quarter valued at approximately $75,483,000. Jacobs Levy Equity Management Inc. raised its position in shares of Ally Financial by 84.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider’s stock valued at $151,320,000 after buying an additional 1,918,965 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Ally Financial by 233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after acquiring an additional 1,701,264 shares in the last quarter. Phoenix Financial Ltd. increased its stake in Ally Financial by 86.4% in the fourth quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider’s stock valued at $122,077,000 after acquiring an additional 1,571,027 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Ally Financial by 6,226.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider’s stock valued at $49,285,000 after purchasing an additional 1,347,020 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Up 4.0 %

ALLY opened at $37.90 on Tuesday. Ally Financial has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The firm has a market capitalization of $11.64 billion, a PE ratio of 14.58, a P/E/G ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50-day moving average is $37.05 and its 200 day moving average is $36.35.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, research analysts predict that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

About Ally Financial

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.