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

Ally Financial (NYSE:ALLY - Get Free Report) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $36.00 to $44.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 8.41% from the company's current price.

ALLY has been the topic of a number of other reports. Truist Financial lifted their price target on Ally Financial from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, June 13th. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a report on Tuesday, March 25th. Royal Bank Of Canada reissued an "outperform" rating and issued a $40.00 target price on shares of Ally Financial in a research report on Monday, April 21st. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Finally, Wells Fargo & Company decreased their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $42.67.

Ally Financial Stock Up 0.2%

Shares of ALLY stock traded up $0.07 during trading hours on Friday, reaching $40.59. The company had a trading volume of 908,905 shares, compared to its average volume of 3,772,556. Ally Financial has a 12 month low of $29.52 and a 12 month high of $45.46. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. The business has a fifty day simple moving average of $36.53 and a 200-day simple moving average of $35.95. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 0.38 and a beta of 1.15.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the company earned $0.45 earnings per share. On average, research analysts expect that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Insider Transactions at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson purchased 8,200 shares of Ally Financial stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer directly owned 236,421 shares in the company, valued at approximately $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider owned 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Institutional Trading of Ally Financial

Several hedge funds and other institutional investors have recently made changes to their positions in ALLY. Proficio Capital Partners LLC purchased a new stake in Ally Financial during the 4th quarter valued at $2,534,000. Raymond James Financial Inc. purchased a new position in shares of Ally Financial in the 4th quarter worth $2,337,000. Daiwa Securities Group Inc. boosted its stake in shares of Ally Financial by 2.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock worth $771,000 after buying an additional 500 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Ally Financial by 285.9% in the 4th quarter. HighTower Advisors LLC now owns 58,703 shares of the financial services provider's stock worth $2,114,000 after buying an additional 43,490 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Ally Financial in the 4th quarter worth $206,000. Hedge funds and other institutional investors own 88.76% of the company's stock.

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.

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