Ally Financial (NYSE:ALLY) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Ally Financial (NYSE:ALLY) had its target price boosted by analysts at Keefe, Bruyette & Woods from $44.00 to $56.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 45.27% from the stock’s current price.

ALLY has been the subject of several other research reports. Wells Fargo & Company lowered their price target on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Thursday, September 26th. TD Cowen reduced their price objective 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. JPMorgan Chase & Co. upgraded shares of Ally Financial from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $46.00 to $40.00 in a research note on Monday, October 7th. BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Finally, Evercore ISI reduced their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Ally Financial presently has an average rating of “Hold” and an average target price of $41.73.

Ally Financial Price Performance

Shares of ALLY opened at $38.55 on Monday. The company has a 50 day moving average price of $36.38 and a 200-day moving average price of $38.59. Ally Financial has a fifty-two week low of $29.68 and a fifty-two week high of $45.46. The stock has a market capitalization of $11.75 billion, a PE ratio of 15.42, a PEG ratio of 0.46 and a beta of 1.42. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Ally Financial will post 3 earnings per share for the current fiscal year.

Institutional Trading of Ally Financial

Several institutional investors have recently modified their holdings of ALLY. Jacobs Levy Equity Management Inc. grew its position in shares of Ally Financial by 217.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the period. Wedge Capital Management L L P NC raised its holdings in 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 valued at $49,659,000 after buying an additional 1,191,529 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ally Financial by 11.3% during the second 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 period. Assenagon Asset Management S.A. raised its stake in shares of Ally Financial by 2,088.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock valued at $25,940,000 after acquiring an additional 695,555 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Ally Financial in the 3rd quarter worth approximately $21,571,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

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.