Ally Financial (NYSE:ALLY) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Ally Financial (NYSE:ALLY) had its price target boosted by The Goldman Sachs Group from $42.00 to $48.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on ALLY. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company raised their price target on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.47.

Ally Financial Trading Down 2.7 %

NYSE ALLY opened at $39.03 on Thursday. Ally Financial has a one year low of $31.95 and a one year high of $45.46. The firm has a 50 day simple moving average of $37.06 and a 200-day simple moving average of $37.94. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.42 and a beta of 1.44. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.92 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results 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 business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2,021,808.41 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts anticipate that Ally Financial will post 3.91 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio is presently 46.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after buying an additional 28,114 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Ally Financial in the 4th quarter worth $1,112,000. CWA Asset Management Group LLC purchased a new stake in shares of Ally Financial in the third quarter valued at about $1,338,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after acquiring an additional 18,671 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Ally Financial during the third quarter worth about $21,571,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

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.