Ally Financial Inc (NYSE:ALLY) has been assigned a $24.00 price objective by stock analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 20.12% from the stock’s previous close.
Several other equities analysts have also recently commented on ALLY. TheStreet raised shares of Ally Financial from a “c” rating to a “b-” rating in a research note on Monday, February 27th. Sandler O’Neill cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ally Financial in a research note on Sunday, January 8th. Zacks Investment Research raised shares of Ally Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price objective on shares of Ally Financial in a research note on Wednesday, February 1st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.46.
Shares of Ally Financial (NYSE:ALLY) traded down 0.55% during midday trading on Thursday, hitting $19.87. The stock had a trading volume of 1,413,863 shares. Ally Financial has a 1-year low of $14.84 and a 1-year high of $23.62. The company’s 50 day moving average price is $20.53 and its 200-day moving average price is $20.16. The firm has a market capitalization of $9.53 billion, a PE ratio of 9.25 and a beta of 1.37.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Tuesday, January 31st. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. The company earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Ally Financial had a net margin of 16.34% and a return on equity of 7.86%. Ally Financial’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities analysts predict that Ally Financial will post $2.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.60%. Ally Financial’s payout ratio is 14.88%.
Several large investors have recently made changes to their positions in the company. Global X Management Co. LLC raised its stake in shares of Ally Financial by 89.2% in the third quarter. Global X Management Co. LLC now owns 5,121 shares of the financial services provider’s stock worth $100,000 after buying an additional 2,414 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of Ally Financial by 85.8% in the third quarter. Commonwealth Bank of Australia now owns 6,010 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,775 shares during the last quarter. Creative Planning raised its stake in shares of Ally Financial by 385.0% in the first quarter. Creative Planning now owns 6,299 shares of the financial services provider’s stock worth $128,000 after buying an additional 8,509 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Ally Financial by 107.6% in the third quarter. Advisors Asset Management Inc. now owns 8,256 shares of the financial services provider’s stock worth $161,000 after buying an additional 4,280 shares during the last quarter. Finally, FNY Partners Fund LP acquired a new stake in shares of Ally Financial during the fourth quarter worth $167,000. Hedge funds and other institutional investors own 95.31% of the company’s stock.
About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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