The Goldman Sachs Group Reaffirms “Buy” Rating for Ally Financial (NYSE:ALLY)

The Goldman Sachs Group reiterated their buy rating on shares of Ally Financial (NYSE:ALLYFree Report) in a research note published on Thursday, Benzinga reports.

Several other equities research analysts also recently weighed in on ALLY. Wolfe Research upgraded shares of Ally Financial from a peer perform rating to an outperform rating and set a $39.00 target price for the company in a research note on Thursday, November 30th. TheStreet raised Ally Financial from a c+ rating to a b- rating in a research report on Thursday, January 11th. BMO Capital Markets raised their price target on Ally Financial from $36.00 to $37.00 and gave the stock a market perform rating in a report on Tuesday, January 23rd. assumed coverage on shares of Ally Financial in a report on Thursday, October 5th. They set a hold rating on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They issued a buy rating and a $47.00 target price for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $33.93.

Read Our Latest Analysis on ALLY

Ally Financial Stock Down 1.9 %

Shares of NYSE ALLY opened at $36.40 on Thursday. The stock has a market capitalization of $10.98 billion, a PE ratio of 12.17 and a beta of 1.41. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. Ally Financial has a 12-month low of $21.58 and a 12-month high of $38.03. The stock’s fifty day simple moving average is $33.62 and its two-hundred day simple moving average is $29.28.

Ally Financial (NYSE:ALLYGet Free Report) last announced its earnings results on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same period in the previous year, the company posted $1.08 earnings per share. As a group, analysts expect that Ally Financial will post 3.28 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. Ally Financial’s dividend payout ratio is currently 40.13%.

Institutional Investors Weigh In On Ally Financial

A number of large investors have recently modified their holdings of ALLY. Roundview Capital LLC purchased a new stake in shares of Ally Financial during the 1st quarter worth approximately $242,000. Cetera Advisor Networks LLC acquired a new position in Ally Financial in the first quarter valued at $214,000. D.A. Davidson & CO. purchased a new position in shares of Ally Financial during the first quarter worth about $261,000. MetLife Investment Management LLC acquired a new stake in shares of Ally Financial during the first quarter worth about $294,000. Finally, Rhumbline Advisers lifted its holdings in shares of Ally Financial by 1.4% in the 1st quarter. Rhumbline Advisers now owns 291,312 shares of the financial services provider’s stock valued at $12,666,000 after purchasing an additional 4,099 shares during the last quarter. 86.04% of the stock is owned by hedge funds and other institutional investors.

About Ally Financial

(Get Free Report)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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