Ally Financial (NYSE:ALLY) PT Raised to $45.00 at Evercore ISI

Ally Financial (NYSE:ALLY) had its target price upped by research analysts at Evercore ISI from $43.00 to $45.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target indicates a potential upside of 12.98% from the company’s previous close.

Several other analysts have also commented on ALLY. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Wells Fargo & Company upped their price target on Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, April 10th. TD Cowen raised their price objective on Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Citigroup began coverage on shares of Ally Financial in a research report on Monday. They issued a “buy” rating and a $50.00 target price on the stock. Finally, BTIG Research initiated coverage on shares of Ally Financial in a research report on Friday, June 7th. They set a “buy” rating and a $51.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.00.

Ally Financial Stock Up 0.4 %

Shares of NYSE:ALLY opened at $39.83 on Tuesday. Ally Financial has a 52-week low of $22.54 and a 52-week high of $41.77. The stock has a market cap of $12.11 billion, a P/E ratio of 16.26, a PEG ratio of 0.48 and a beta of 1.41. The business has a fifty day moving average of $39.21 and a two-hundred day moving average of $37.31. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Ally Financial’s quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts expect that Ally Financial will post 3 earnings per share for the current year.

Institutional Trading of Ally Financial

Large investors have recently made changes to their positions in the company. Trust Co. of Toledo NA OH lifted its stake in Ally Financial by 1.7% in the first quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 287 shares during the last quarter. WBI Investments LLC lifted its position in shares of Ally Financial by 2.2% during the 4th quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 316 shares during the last quarter. Signet Financial Management LLC grew its stake in shares of Ally Financial by 4.8% during the first quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 330 shares in the last quarter. Xponance Inc. increased its holdings in Ally Financial by 1.4% in the fourth quarter. Xponance Inc. now owns 33,366 shares of the financial services provider’s stock valued at $1,165,000 after buying an additional 472 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Ally Financial by 1.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,253 shares of the financial services provider’s stock valued at $1,309,000 after buying an additional 484 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

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.