Ally Financial (NYSE:ALLY) had its price objective hoisted by Barclays from $37.00 to $40.00 in a report released on Thursday, 24/7 WallStreet reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 14.81% from the company’s current price.
Several other research firms have also recently issued reports on ALLY. Wells Fargo & Co reiterated a “buy” rating on shares of Ally Financial in a research report on Sunday, July 21st. Stephens upgraded Ally Financial from an “equal” rating to a “weight” rating and increased their target price for the stock from $37.00 to $44.00 in a research report on Monday. Citigroup increased their target price on Ally Financial from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday. 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. Finally, Nomura increased their target price on Ally Financial from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ally Financial has an average rating of “Buy” and a consensus price target of $37.00.
Shares of ALLY opened at $34.84 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.62. The business has a 50-day simple moving average of $31.88 and a two-hundred day simple moving average of $29.90. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.68 and a beta of 1.31. Ally Financial has a 52 week low of $20.60 and a 52 week high of $35.11.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ally Financial had a return on equity of 10.89% and a net margin of 26.59%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share. On average, equities analysts anticipate that Ally Financial will post 3.74 earnings per share for the current fiscal year.
In other news, CAO David J. Debrunner sold 2,222 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $31.14, for a total value of $69,193.08. Following the completion of the sale, the chief accounting officer now directly owns 101,313 shares of the company’s stock, valued at approximately $3,154,886.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Diane E. Morais sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the sale, the insider now directly owns 220,048 shares of the company’s stock, valued at $7,338,600.80. The disclosure for this sale can be found here. Insiders have sold a total of 21,666 shares of company stock valued at $712,118 in the last 90 days. 0.35% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Ally Financial by 2.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 38,692 shares of the financial services provider’s stock worth $1,064,000 after acquiring an additional 809 shares during the last quarter. Balasa Dinverno & Foltz LLC lifted its stake in shares of Ally Financial by 373.0% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 39,776 shares of the financial services provider’s stock worth $1,233,000 after acquiring an additional 31,366 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Ally Financial during the 1st quarter worth approximately $1,253,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Ally Financial by 2.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 424,005 shares of the financial services provider’s stock worth $11,477,000 after acquiring an additional 10,797 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Ally Financial during the 2nd quarter worth approximately $220,000. 95.50% of the stock is owned by hedge funds and other 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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