Ally Financial (NYSE:ALLY)‘s stock had its “buy” rating restated by stock analysts at Barclays in a research report issued to clients and investors on Tuesday, AnalystRatings.com reports. They currently have a $45.00 price objective on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 48.61% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Citigroup cut their target price on Ally Financial from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Piper Jaffray Companies set a $41.00 target price on Ally Financial and gave the stock a “buy” rating in a research report on Tuesday, September 10th. ValuEngine lowered Ally Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, November 11th. Stephens raised Ally Financial from an “equal” rating to an “equal weight” rating and raised their target price for the stock from $37.00 to $44.00 in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. lowered Ally Financial from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $33.00 in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.00.
Shares of ALLY opened at $30.28 on Tuesday. The stock has a 50-day simple moving average of $31.19 and a 200-day simple moving average of $31.67. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.04 and a current ratio of 1.05. The stock has a market capitalization of $11.30 billion, a PE ratio of 8.03, a PEG ratio of 0.56 and a beta of 1.27. Ally Financial has a 1 year low of $23.93 and a 1 year high of $35.42.
Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.03. Ally Financial had a return on equity of 10.69% and a net margin of 26.29%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the company earned $0.91 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts predict that Ally Financial will post 3.75 EPS for the current year.
In other Ally Financial news, CAO David J. Debrunner sold 2,222 shares of Ally Financial stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $31.70, for a total transaction of $70,437.40. Following the transaction, the chief accounting officer now owns 94,647 shares of the company’s stock, valued at $3,000,309.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. BlackRock Inc. boosted its stake in shares of Ally Financial by 1.3% during the 2nd quarter. BlackRock Inc. now owns 27,969,282 shares of the financial services provider’s stock worth $866,768,000 after buying an additional 360,987 shares during the last quarter. Foundry Partners LLC bought a new position in Ally Financial in the 3rd quarter valued at about $11,240,000. Pictet Asset Management Ltd. increased its holdings in shares of Ally Financial by 6.0% during the second quarter. Pictet Asset Management Ltd. now owns 168,829 shares of the financial services provider’s stock worth $5,232,000 after purchasing an additional 9,600 shares during the period. Alps Advisors Inc. bought a new position in shares of Ally Financial during the third quarter worth approximately $347,000. Finally, Voya Investment Management LLC increased its holdings in shares of Ally Financial by 6.9% during the third quarter. Voya Investment Management LLC now owns 206,311 shares of the financial services provider’s stock worth $6,841,000 after purchasing an additional 13,234 shares during the period. 95.21% of the stock is currently owned by institutional investors.
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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