Ally Financial (NYSE:ALLY) had its price objective cut by Nomura from $28.00 to $27.00 in a report published on Friday. They currently have a neutral rating on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Ally Financial from a c+ rating to a b- rating in a research note on Thursday, July 19th. Oppenheimer set a $32.00 target price on shares of Ally Financial and gave the company a buy rating in a research note on Thursday. Zacks Investment Research downgraded shares of Ally Financial from a buy rating to a hold rating in a research note on Wednesday, July 18th. Janney Montgomery Scott raised shares of Ally Financial from a neutral rating to a buy rating and set a $36.00 target price for the company in a research note on Friday, June 29th. Finally, Bank of America raised shares of Ally Financial from a neutral rating to a buy rating and upped their target price for the company from $33.00 to $35.00 in a research note on Monday, July 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Ally Financial has an average rating of Buy and a consensus price target of $32.83.
ALLY opened at $24.36 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.60. The company has a market cap of $10.28 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34. Ally Financial has a fifty-two week low of $23.69 and a fifty-two week high of $31.29.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Wednesday, October 31st. Ally Financial’s dividend payout ratio (DPR) is presently 25.10%.
Several institutional investors have recently added to or reduced their stakes in ALLY. BlackRock Inc. boosted its holdings in shares of Ally Financial by 8.8% in the second quarter. BlackRock Inc. now owns 26,537,339 shares of the financial services provider’s stock valued at $697,136,000 after buying an additional 2,148,484 shares during the period. Unigestion Holding SA acquired a new position in shares of Ally Financial in the second quarter valued at approximately $32,286,000. LSV Asset Management boosted its holdings in shares of Ally Financial by 32.6% in the second quarter. LSV Asset Management now owns 4,152,079 shares of the financial services provider’s stock valued at $109,075,000 after buying an additional 1,021,238 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Ally Financial by 86.2% in the second quarter. Janus Henderson Group PLC now owns 2,163,208 shares of the financial services provider’s stock valued at $56,827,000 after buying an additional 1,001,501 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Ally Financial by 12.0% in the first quarter. Allianz Asset Management GmbH now owns 7,378,519 shares of the financial services provider’s stock valued at $200,327,000 after buying an additional 787,975 shares during the period. Institutional investors own 99.08% of the company’s stock.
Ally Financial Company Profile
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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