Published On: Wed, Sep 14th, 2016

Ally Financial Inc. (ALLY) Earns Buy Rating from Jefferies Group

Ally Financial Inc. (NYSE:ALLY)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a research report issued on Tuesday.
Several other research firms have also issued reports on ALLY. Deutsche Bank AG reiterated a “buy” rating and set a $23.00 price objective on shares of Ally Financial in a research note on Thursday, August 18th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $27.00 price objective on shares of Ally Financial in a research note on Thursday, June 9th. Zacks Investment Research upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. BTIG Research restated a “buy” rating on shares of Ally Financial in a report on Thursday, June 30th. Finally, Credit Suisse Group AG restated an “outperform” rating on shares of Ally Financial in a report on Tuesday, July 5th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.25.
Shares of Ally Financial (NYSE:ALLY) traded down 1.98% during trading on Tuesday, hitting $19.34. 4,211,590 shares of the stock traded hands. The firm’s 50-day moving average price is $19.08 and its 200-day moving average price is $17.85. The company’s market cap is $9.28 billion. Ally Financial has a 52 week low of $14.55 and a 52 week high of $21.75.

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Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Ally Financial had a return on equity of 17.19% and a net margin of 17.61%. During the same quarter last year, the company earned $0.46 earnings per share. On average, equities research analysts anticipate that Ally Financial will post $2.26 earnings per share for the current year.
The business also recently announced a special dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, July 28th. Ally Financial’s payout ratio is -106.67%.
Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Ally Financial by 1.7% in the first quarter. Geode Capital Management LLC now owns 2,889,510 shares of the company’s stock worth $54,064,000 after buying an additional 49,477 shares in the last quarter. Legal & General Group Plc raised its stake in Ally Financial by 5.7% in the first quarter. Legal & General Group Plc now owns 2,436,413 shares of the company’s stock worth $45,589,000 after buying an additional 131,651 shares in the last quarter. Riverhead Capital Management LLC acquired a new stake in Ally Financial during the first quarter worth approximately $1,052,000. First Manhattan Co. raised its stake in Ally Financial by 38.3% in the first quarter. First Manhattan Co. now owns 3,460,522 shares of the company’s stock worth $64,780,000 after buying an additional 957,797 shares in the last quarter. Finally, State Street Corp raised its stake in Ally Financial by 10.4% in the first quarter. State Street Corp now owns 10,102,562 shares of the company’s stock worth $189,122,000 after buying an additional 947,745 shares in the last quarter.
About Ally Financial
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.

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