Ally Financial (NYSE:ALLY) Price Target Cut to $44.00

Ally Financial (NYSE:ALLY) had its price target decreased by equities researchers at Keefe, Bruyette & Woods from $50.00 to $44.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 30.29% from the stock’s current price.

A number of other equities analysts have also weighed in on ALLY. JPMorgan Chase & Co. upgraded shares of Ally Financial from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $39.00 to $45.00 in a research report on Monday, July 8th. Wells Fargo & Company boosted their price target on shares of Ally Financial from $33.00 to $37.00 and gave the stock an “underweight” rating in a research report on Thursday, July 18th. Barclays decreased their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Finally, Bank of America decreased their target price on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus target price of $41.41.

Ally Financial Stock Up 2.2 %

ALLY stock opened at $33.77 on Monday. The stock has a market capitalization of $10.27 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.32 and a beta of 1.40. The firm has a 50-day simple moving average of $41.00 and a 200-day simple moving average of $39.70. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. Ally Financial has a 52 week low of $22.54 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.33. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. Ally Financial’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. Equities analysts forecast that Ally Financial will post 3.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ally Financial

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in shares of Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 526 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Ally Financial in the 1st quarter valued at approximately $28,000. Rise Advisors LLC purchased a new stake in shares of Ally Financial in the 1st quarter valued at approximately $32,000. Quarry LP increased its position in shares of Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 598 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC increased its position in shares of Ally Financial by 571.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 789 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

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.