Ally Financial (NYSE:ALLY) had its price objective boosted by stock analysts at Piper Sandler from $48.00 to $52.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price suggests a potential upside of 10.59% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on ALLY. Zacks Investment Research cut shares of Ally Financial from a “strong-buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Monday, December 21st. Credit Suisse Group lifted their target price on shares of Ally Financial from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 13th. Royal Bank of Canada assumed coverage on shares of Ally Financial in a research note on Monday, December 21st. They issued an “outperform” rating and a $41.00 target price for the company. Smith Barney Citigroup lifted their price target on shares of Ally Financial from $33.00 to $45.00 in a report on Wednesday, January 13th. Finally, Morgan Stanley lifted their price target on shares of Ally Financial from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.45.

Shares of ALLY opened at $47.02 on Thursday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $44.39 and a 200-day simple moving average of $35.61. Ally Financial has a 1-year low of $13.29 and a 1-year high of $47.61. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 23.05 and a beta of 1.61.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, January 21st. The financial services provider reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.55. Ally Financial had a net margin of 12.22% and a return on equity of 6.43%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.65 billion. On average, equities analysts expect that Ally Financial will post 2.48 earnings per share for the current fiscal year.

In other news, CAO David J. Debrunner sold 27,500 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $47.13, for a total value of $1,296,075.00. Following the completion of the sale, the chief accounting officer now owns 74,335 shares of the company’s stock, valued at approximately $3,503,408.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Diane E. Morais sold 4,126 shares of the business’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $46.09, for a total transaction of $190,167.34. Following the completion of the sale, the insider now directly owns 240,692 shares of the company’s stock, valued at approximately $11,093,494.28. The disclosure for this sale can be found here. Insiders sold a total of 51,626 shares of company stock worth $2,358,517 in the last quarter. 0.36% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. grew its position in shares of Ally Financial by 23.5% during the 4th quarter. Achmea Investment Management B.V. now owns 81,802 shares of the financial services provider’s stock valued at $2,917,000 after buying an additional 15,563 shares during the last quarter. Strs Ohio grew its position in shares of Ally Financial by 603.5% during the 4th quarter. Strs Ohio now owns 39,352 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 33,758 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Ally Financial by 79,744.5% during the 4th quarter. Lazard Asset Management LLC now owns 612,407 shares of the financial services provider’s stock valued at $21,838,000 after buying an additional 611,640 shares during the last quarter. Nippon Life Global Investors Americas Inc. grew its position in shares of Ally Financial by 16.4% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 244,100 shares of the financial services provider’s stock valued at $8,705,000 after buying an additional 34,440 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new stake in shares of Ally Financial during the 4th quarter valued at about $296,000. 92.07% of the stock is owned by institutional investors.

About Ally Financial

Ally Financial Inc, a bank holding company, provides various digital financial products and services to consumer, commercial, 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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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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