Several institutional investors have adjusted their positions in Ally Financial. Allspring Global Investments increased its holdings by 510.7%, now owning 629 shares worth $25,000. Transcendent Capital bought new shares valued at about $28,000, while Rise Advisors acquired shares worth around $32,000. Quarry LP raised its stake by 165.7%, now holding 959 shares valued at $33,000. Ashton Thomas Private Wealth also established a new stake worth $41,000. Overall, institutional investors control 88.76% of the company’s stock.
New Price Targets from Analysts
Recent reports have analyzed Ally Financial (ALLY). BTIG Research downgraded its rating to neutral on September 16. JPMorgan upgraded it to overweight, lowering the price target from $46 to $40 on October 7. Evercore ISI reduced its target from $47 to $38. TD Cowen cut their target from $45 to $37, rating it hold. Keefe, Bruyette & Woods lowered its target from $50 to $44 with an outperform rating. Currently, 3 analysts rate it as a sell, 6 as hold, and 9 as buy. The consensus rating is Hold with a target price of $40.63.
Ally Financial Stock Overview
Ally Financial stock opened at $35.66 on Friday. The market cap is $10.84 billion, with a P/E ratio of 15.37. The stock has fluctuated between $22.54 and $45.46 over the past year. They reported an EPS of $0.97 on July 17, exceeding estimates by $0.33, but revenue was down 3.8% year-over-year.
Dividend Announcement
Ally Financial announced a quarterly dividend of $0.30 per share, payable on November 15 to investors on record by November 1. This gives an annualized dividend of $1.20 and a yield of 3.37%, with a payout ratio of 51.72%.
Company Overview
Ally Financial Inc. is a digital financial services company operating in the U.S., Canada, and Bermuda, offering various financial products across several segments.
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