Ally Financial (NYSE:ALLY) Research Coverage Started at Truist Financial

Truist Financial assumed coverage on shares of Ally Financial (NYSE:ALLY) in a research report report published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $42.00 price target on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley lifted their price objective on shares of Ally Financial from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, October 21st. TD Cowen cut their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Finally, Bank of America decreased their price target on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.67.

Ally Financial Stock Down 0.5 %

ALLY stock opened at $35.61 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial has a fifty-two week low of $31.77 and a fifty-two week high of $45.46. The stock’s 50 day simple moving average is $36.88 and its 200 day simple moving average is $38.15. The company has a market cap of $10.85 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $0.83 EPS. Ally Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that Ally Financial will post 3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

Institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in Ally Financial by 0.5% in the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after acquiring an additional 51,426 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after purchasing an additional 987,489 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Ally Financial by 217.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Ally Financial by 19.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider’s stock worth $74,974,000 after buying an additional 344,543 shares during the period. Finally, Jennison Associates LLC grew its stake in Ally Financial by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider’s stock valued at $59,535,000 after buying an additional 75,080 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.