Ally Financial (NYSE:ALLY) Price Target Raised to $45.00

Ally Financial (NYSE:ALLY - Get Free Report) had its price objective lifted by research analysts at JPMorgan Chase & Co. from $44.00 to $45.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 15.66% from the stock's current price.

Several other equities research analysts also recently issued reports on the stock. Citigroup reiterated a "buy" rating and issued a $59.00 target price (up from $55.00) on shares of Ally Financial in a research note on Wednesday, July 2nd. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and raised their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Morgan Stanley restated an "overweight" rating and set a $47.00 price objective (up from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. Finally, Bank of America cut their price objective on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $42.73.

Ally Financial Stock Performance

Shares of Ally Financial stock traded up $0.06 during trading on Monday, reaching $38.91. The company's stock had a trading volume of 4,156,768 shares, compared to its average volume of 3,787,076. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The business's fifty day moving average price is $37.33 and its 200-day moving average price is $36.12. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 0.38 and a beta of 1.15. Ally Financial has a one year low of $29.52 and a one year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.21. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. As a group, equities research analysts predict that Ally Financial will post 3.57 earnings per share for the current year.

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were 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 approximately $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company's stock.

Institutional Trading of Ally Financial

A number of hedge funds and other institutional investors have recently modified their holdings of ALLY. WPG Advisers LLC bought a new position in Ally Financial during the first quarter valued at $25,000. Copia Wealth Management purchased a new stake in shares of Ally Financial in the first quarter valued at $27,000. SVB Wealth LLC purchased a new stake in shares of Ally Financial in the first quarter valued at $27,000. Private Trust Co. NA raised its stake in shares of Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 509 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 377 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

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.