Ally Financial’s (ALLY) Outperform Rating Reiterated at Royal Bank of Canada

Ally Financial (NYSE:ALLY)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank of Canada in a research report issued on Monday, Benzinga reports. They currently have a $40.00 price objective on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 15.17% from the stock’s current price.

Several other research firms have also weighed in on ALLY. BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Morgan Stanley lowered their price objective on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday. TD Cowen decreased their price target on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, July 1st. Finally, Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.38.

Ally Financial Stock Up 0.2 %

Shares of NYSE ALLY opened at $34.73 on Monday. The company has a market capitalization of $10.56 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. Ally Financial has a 52-week low of $22.54 and a 52-week high of $45.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. The company’s 50 day moving average price is $37.38 and its 200-day moving average price is $39.07.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. Ally Financial’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Equities analysts forecast that Ally Financial will post 2.87 earnings per share for the current year.

Institutional Trading of Ally Financial

Institutional investors have recently made changes to their positions in the company. Boston Partners purchased a new position in shares of Ally Financial in the 1st quarter worth about $152,079,000. Jennison Associates LLC purchased a new position in shares of Ally Financial in the 1st quarter worth about $52,252,000. Wedge Capital Management L L P NC boosted its holdings in shares of Ally Financial by 584.7% in the 3rd 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. Delta Global Management LP boosted its holdings in shares of Ally Financial by 3,262.3% in the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after buying an additional 1,005,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ally Financial by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after buying an additional 987,489 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

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.