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

Ally Financial (NYSE:ALLY) had its price objective raised by research analysts at Barclays from $36.00 to $44.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 20.85% from the company’s previous close.

ALLY has been the subject of several other reports. BTIG Research downgraded shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company lowered their price objective on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Thursday, September 26th. Morgan Stanley lifted their target price 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. Keefe, Bruyette & Woods increased their price target on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Evercore ISI decreased their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ally Financial presently has an average rating of “Hold” and an average price target of $42.71.

Ally Financial Stock Up 1.6 %

Shares of NYSE:ALLY traded up $0.56 during trading on Monday, reaching $36.41. The stock had a trading volume of 1,103,535 shares, compared to its average volume of 1,862,820. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $11.09 billion, a P/E ratio of 14.56, a PEG ratio of 0.46 and a beta of 1.44. The firm’s 50-day simple moving average is $36.84 and its 200 day simple moving average is $38.24. Ally Financial has a one year low of $31.77 and a one year high of $45.46.

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

Hedge Funds Weigh In On Ally Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in Ally Financial by 68.8% in the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after acquiring an additional 28,114 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Ally Financial in the 3rd quarter valued at $1,338,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ally Financial by 58.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 18,671 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Ally Financial during the 3rd quarter worth $21,571,000. Finally, State Street Corp raised its holdings 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 buying an additional 51,426 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

About Ally Financial

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.