Ally Financial (NYSE:ALLY - Get Free Report) had its price objective hoisted by research analysts at Wells Fargo & Company from $32.00 to $34.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "underweight" rating on the financial services provider's stock. Wells Fargo & Company's price objective points to a potential downside of 14.21% from the company's current price.
A number of other equities analysts have also recently weighed in on the company. Citigroup lifted their price target on Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Truist Financial began coverage on Ally Financial in a research note on Tuesday, January 7th. They set a "buy" rating and a $42.00 target price on the stock. Wolfe Research cut Ally Financial from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 5th. Morgan Stanley lifted their target price on Ally Financial from $41.00 to $42.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $42.50.
View Our Latest Report on Ally Financial
Shares of Ally Financial stock opened at $39.63 on Thursday. The company's 50-day moving average price is $36.92 and its two-hundred day moving average price is $37.93. The stock has a market cap of $12.08 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.40 and a beta of 1.44. Ally Financial has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36.
Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2,021,808.41 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. As a group, sell-side analysts anticipate that Ally Financial will post 2.96 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. Assenagon Asset Management S.A. lifted its holdings in Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock worth $81,260,000 after buying an additional 1,563,008 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Ally Financial by 584.7% during the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider's stock worth $49,659,000 after buying an additional 1,191,529 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Ally Financial during the third quarter worth approximately $21,571,000. Finally, 140 Summer Partners LP acquired a new position in shares of Ally Financial during the third quarter worth approximately $19,140,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.
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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