Ally Financial Inc. (NYSE:ALLY) Receives $36.25 Average Target Price from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned an average rating of “Hold” from the eighteen brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $37.59.

Several equities analysts have recently commented on ALLY shares. BMO Capital Markets upped their price target on shares of Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 23rd. Morgan Stanley upgraded shares of Ally Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $37.00 to $47.00 in a research report on Thursday, February 8th. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $42.00 to $46.00 in a research report on Tuesday, April 9th. Wells Fargo & Company increased their target price on shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, April 10th. Finally, StockNews.com lowered shares of Ally Financial from a “hold” rating to a “sell” rating in a research report on Friday, April 5th.

Institutional Investors Weigh In On Ally Financial

A number of institutional investors and hedge funds have recently bought and sold shares of ALLY. Sessa Capital IM L.P. lifted its stake in Ally Financial by 426.5% during the first quarter. Sessa Capital IM L.P. now owns 9,493,106 shares of the financial services provider’s stock valued at $241,979,000 after buying an additional 7,689,915 shares in the last quarter. Millennium Management LLC lifted its stake in Ally Financial by 195.1% during the fourth quarter. Millennium Management LLC now owns 6,058,768 shares of the financial services provider’s stock valued at $148,137,000 after buying an additional 4,005,417 shares in the last quarter. AQR Capital Management LLC lifted its stake in Ally Financial by 233.9% during the fourth quarter. AQR Capital Management LLC now owns 4,118,432 shares of the financial services provider’s stock valued at $100,160,000 after buying an additional 2,884,833 shares in the last quarter. Scout Investments Inc. purchased a new stake in Ally Financial during the fourth quarter valued at about $63,080,000. Finally, Norges Bank purchased a new stake in Ally Financial during the fourth quarter valued at about $62,869,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Down 1.7 %

Ally Financial stock opened at $36.59 on Tuesday. The company has a 50-day simple moving average of $37.58 and a 200-day simple moving average of $32.69. The firm has a market capitalization of $11.12 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.54 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. Ally Financial has a one year low of $22.54 and a one year high of $41.56.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same quarter in the prior year, the firm earned $1.08 earnings per share. As a group, equities analysts expect that Ally Financial will post 2.94 earnings per share for the current 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.