Piper Jaffray Companies set a $34.00 price objective on Ally Financial (NYSE:ALLY) in a report issued on Monday. The firm currently has a buy rating on the financial services provider’s stock. Piper Jaffray Companies also issued estimates for Ally Financial’s Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $3.13 EPS, Q2 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.93 EPS, FY2019 earnings at $3.34 EPS and FY2020 earnings at $3.63 EPS.
A number of other equities analysts have also recently commented on the company. ValuEngine cut Ally Financial from a hold rating to a sell rating in a report on Saturday. Nomura reduced their price target on Ally Financial from $28.00 to $27.00 and set a neutral rating for the company in a report on Friday. Oppenheimer set a $32.00 price objective on shares of Ally Financial and gave the stock a buy rating in a research report on Thursday, October 25th. Zacks Investment Research downgraded shares of Ally Financial from a buy rating to a hold rating in a research report on Wednesday, September 26th. Finally, Bank of America upgraded shares of Ally Financial from a neutral rating to a buy rating and raised their price objective for the stock from $33.00 to $35.00 in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $32.72.
Ally Financial stock opened at $24.28 on Monday. Ally Financial has a 52 week low of $23.69 and a 52 week high of $31.29. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $10.28 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.34.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 31st. This represents a $0.60 annualized dividend and a yield of 2.47%. Ally Financial’s dividend payout ratio (DPR) is presently 25.10%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Putnam Investments LLC raised its position in shares of Ally Financial by 0.3% in the second quarter. Putnam Investments LLC now owns 839,837 shares of the financial services provider’s stock valued at $22,062,000 after buying an additional 2,225 shares in the last quarter. First Republic Investment Management Inc. raised its position in Ally Financial by 20.6% during the second quarter. First Republic Investment Management Inc. now owns 13,423 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,292 shares in the last quarter. Stifel Financial Corp raised its position in Ally Financial by 13.4% during the first quarter. Stifel Financial Corp now owns 20,086 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 2,381 shares in the last quarter. First Mercantile Trust Co. raised its position in Ally Financial by 27.6% during the second quarter. First Mercantile Trust Co. now owns 11,230 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 2,430 shares in the last quarter. Finally, BLB&B Advisors LLC raised its position in Ally Financial by 36.7% during the second quarter. BLB&B Advisors LLC now owns 10,700 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 2,875 shares in the last quarter. 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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