Ally Financial (NYSE:ALLY) Given New $40.00 Price Target at Barclays
Ally Financial (NYSE:ALLY) had its price target lifted by Barclays from $37.00 to $40.00 in a research note issued to investors on Thursday morning, 24/7 WallStreet reports. They currently have an overweight rating on the financial services provider’s stock.
Several other equities research analysts have also commented on ALLY. Zacks Investment Research lowered shares of Ally Financial from a buy rating to a hold rating and set a $33.00 target price on the stock. in a research report on Tuesday, July 2nd. Nomura boosted their target price on shares of Ally Financial from $29.00 to $34.00 and gave the stock a neutral rating in a research report on Friday, July 19th. Citigroup boosted their target price on shares of Ally Financial from $37.00 to $39.00 and gave the stock a buy rating in a research report on Monday. BTIG Research boosted their target price on shares of Ally Financial to $39.00 and gave the stock a buy rating in a research report on Friday, July 19th. Finally, Piper Jaffray Companies set a $41.00 target price on shares of Ally Financial and gave the stock a buy rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $37.00.
Shares of NYSE ALLY traded down $0.12 during trading on Thursday, hitting $34.93. 135,917 shares of the company were exchanged, compared to its average volume of 3,851,706. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.69 and a beta of 1.31. Ally Financial has a 1 year low of $20.60 and a 1 year high of $35.40. The firm’s fifty day moving average price is $31.88 and its 200 day moving average price is $29.90. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.07 and a quick ratio of 1.07.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.17 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.95%. Ally Financial’s dividend payout ratio is presently 20.36%.
In related news, insider Diane E. Morais sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the sale, the insider now directly owns 220,048 shares in the company, valued at approximately $7,338,600.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $31.32, for a total transaction of $69,593.04. Following the completion of the sale, the chief accounting officer now owns 105,757 shares in the company, valued at $3,312,309.24. The disclosure for this sale can be found here. Insiders sold a total of 21,666 shares of company stock worth $712,118 over the last quarter. Insiders own 0.35% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. purchased a new position in Ally Financial in the 2nd quarter valued at about $40,000. Steward Partners Investment Advisory LLC purchased a new position in Ally Financial in the 2nd quarter valued at about $49,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Ally Financial by 102.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,242 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,132 shares in the last quarter. SG3 Management LLC purchased a new position in Ally Financial in the 2nd quarter valued at about $73,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Ally Financial in the 2nd quarter valued at about $96,000. Institutional investors and hedge funds own 95.50% of the company’s stock.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, 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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