Analysts Set Ally Financial Inc (ALLY) Price Target at $32.50

Shares of Ally Financial Inc (NYSE:ALLY) have earned an average rating of “Buy” from the twenty-one analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $32.50.

Several brokerages recently commented on ALLY. Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of Ally Financial in a research note on Monday, November 12th. ValuEngine downgraded shares of Ally Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Piper Jaffray Companies set a $34.00 price objective on shares of Ally Financial and gave the company a “buy” rating in a research report on Monday, October 29th. Nomura reduced their price objective on shares of Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Finally, Oppenheimer set a $32.00 price objective on shares of Ally Financial and gave the company a “buy” rating in a research report on Thursday, October 25th.

In other Ally Financial news, CAO David J. Debrunner sold 25,000 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $26.35, for a total transaction of $658,750.00. Following the transaction, the chief accounting officer now directly owns 102,155 shares of the company’s stock, valued at approximately $2,691,784.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Ally Financial during the 2nd quarter valued at $149,000. NEXT Financial Group Inc bought a new stake in shares of Ally Financial during the 3rd quarter valued at $153,000. Legacy Financial Advisors Inc. boosted its holdings in shares of Ally Financial by 58.1% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock valued at $162,000 after buying an additional 2,261 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Ally Financial during the 2nd quarter valued at $159,000. Finally, Dakota Wealth Management bought a new stake in shares of Ally Financial during the 2nd quarter valued at $248,000. Hedge funds and other institutional investors own 98.90% of the company’s stock.

Shares of NYSE ALLY traded up $0.35 during mid-day trading on Friday, hitting $27.03. The stock had a trading volume of 37,443 shares, compared to its average volume of 2,799,468. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.48. Ally Financial has a 1 year low of $23.69 and a 1 year high of $31.29. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.65 and a beta of 1.23.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. Ally Financial had a net margin of 16.87% and a return on equity of 10.25%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Equities research analysts anticipate that Ally Financial will post 3.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, October 31st. Ally Financial’s payout ratio is currently 25.10%.

About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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