Ally Financial Inc. (NYSE:ALLY) Receives $42.67 Consensus PT from Analysts

Shares of Ally Financial Inc. (NYSE:ALLY) have received an average rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $42.67.

A number of research firms recently issued reports on ALLY. TD Cowen lowered their target price on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Keefe, Bruyette & Woods increased their target price on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Ally Financial from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th.

Institutional Investors Weigh In On Ally Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in Ally Financial by 0.5% during the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after buying an additional 51,426 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ally Financial by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after purchasing an additional 987,489 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Ally Financial by 217.0% in the 3rd 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 raised its holdings in shares of 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 valued at $74,974,000 after purchasing an additional 344,543 shares during the period. Finally, Jennison Associates LLC lifted 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 purchasing an additional 75,080 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Stock Down 4.0 %

Shares of Ally Financial stock opened at $34.17 on Thursday. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.46 and a beta of 1.44. The stock has a 50-day simple moving average of $36.87 and a 200-day simple moving average of $38.09. Ally Financial has a 52-week low of $31.77 and a 52-week high of $45.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

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

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.