Ally Financial Inc (ALLY) Receives Average Rating of “Buy” from Brokerages

Ally Financial Inc (NYSE:ALLY) has received a consensus recommendation of “Buy” from the twenty-one brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $28.00.

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets restated a “buy” rating and set a $26.00 price objective on shares of Ally Financial in a report on Friday, August 25th. Piper Jaffray Companies restated a “buy” rating and set a $32.00 price objective on shares of Ally Financial in a report on Thursday, December 7th. Goldman Sachs Group assumed coverage on Ally Financial in a report on Monday, December 4th. They set a “buy” rating and a $32.00 price objective for the company. BidaskClub upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, September 26th.

Shares of Ally Financial (NYSE:ALLY) traded down $0.19 during trading hours on Friday, hitting $28.49. The stock had a trading volume of 6,396,900 shares, compared to its average volume of 4,292,792. Ally Financial has a 12 month low of $18.11 and a 12 month high of $29.34. The company has a market capitalization of $12,686.31, a PE ratio of 12.75, a PEG ratio of 2.52 and a beta of 1.46. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. analysts forecast that Ally Financial will post 2.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a $0.12 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.68%. Ally Financial’s payout ratio is 22.22%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in Ally Financial by 8.2% during the third quarter. Public Employees Retirement System of Ohio now owns 196,023 shares of the financial services provider’s stock valued at $4,756,000 after purchasing an additional 14,834 shares in the last quarter. Independent Advisor Alliance acquired a new position in Ally Financial during the third quarter valued at approximately $342,000. Sterling Capital Management LLC raised its position in Ally Financial by 14.6% during the third quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,300 shares in the last quarter. First Heartland Consultants Inc. raised its position in Ally Financial by 7.1% during the third quarter. First Heartland Consultants Inc. now owns 53,181 shares of the financial services provider’s stock valued at $1,290,000 after purchasing an additional 3,513 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in Ally Financial during the third quarter valued at approximately $358,000.

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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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