Ally Financial (NYSE:ALLY) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Ally Financial (NYSE:ALLY) had its price objective raised by Morgan Stanley from $41.00 to $45.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Citigroup boosted their target price on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group upped their price objective on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Ally Financial currently has an average rating of “Hold” and an average target price of $43.47.

Ally Financial Price Performance

Shares of ALLY opened at $39.03 on Thursday. The company has a market capitalization of $11.89 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. Ally Financial has a twelve month low of $31.95 and a twelve month high of $45.46. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a 50 day moving average of $37.06 and a 200 day moving average of $37.94.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2,021,808.41 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that Ally Financial will post 3.91 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 577 shares in the last quarter. Allworth Financial LP raised its stake in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the period. Quarry LP boosted its stake in Ally Financial by 311.4% in the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,143 shares during the period. UMB Bank n.a. grew its holdings in Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,061 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Ally Financial during the third quarter valued at approximately $63,000. Institutional investors own 88.76% of the company’s stock.

About Ally Financial

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.