Ally Financial (NYSE:ALLY) PT Lowered to $50.00 at Deutsche Bank Aktiengesellschaft

Ally Financial (NYSE:ALLY) had its price objective lowered by stock analysts at Deutsche Bank Aktiengesellschaft from $51.00 to $50.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 26.97% from the company’s current price.

ALLY has been the topic of several other reports. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.00 to $46.00 in a report on Tuesday, April 9th. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. TD Cowen raised their price objective on Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, April 19th. BMO Capital Markets upped their target price on Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. Finally, Compass Point lifted their price target on shares of Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Ally Financial currently has an average rating of “Hold” and an average target price of $41.18.

Ally Financial Trading Down 0.7 %

Shares of NYSE:ALLY traded down $0.29 during mid-day trading on Monday, hitting $39.38. The stock had a trading volume of 420,925 shares, compared to its average volume of 3,393,936. Ally Financial has a 12-month low of $22.54 and a 12-month high of $41.77. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $11.97 billion, a PE ratio of 16.12, a P/E/G ratio of 0.48 and a beta of 1.41. The company’s 50 day moving average is $39.31 and its 200-day moving average is $37.50.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. Ally Financial’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. On average, sell-side analysts predict that Ally Financial will post 3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ALLY. Vanguard Group Inc. raised its holdings in Ally Financial by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock worth $747,293,000 after purchasing an additional 290,842 shares during the last quarter. Boston Partners bought a new stake in shares of Ally Financial during the first quarter worth approximately $152,079,000. Donald Smith & CO. Inc. lifted its holdings in Ally Financial by 0.8% in the first quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock valued at $112,616,000 after buying an additional 21,657 shares during the period. AustralianSuper Pty Ltd boosted its stake in Ally Financial by 15.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,610,685 shares of the financial services provider’s stock valued at $91,165,000 after acquiring an additional 353,344 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ally Financial by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,346,882 shares of the financial services provider’s stock worth $81,953,000 after acquiring an additional 42,556 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

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.