Ally Financial (NYSE:ALLY) Price Target Raised to $47.00 at Truist Financial

Ally Financial (NYSE:ALLY) had its price objective hoisted by Truist Financial from $42.00 to $47.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target points to a potential upside of 19.73% from the company’s previous close.

ALLY has been the subject of several other reports. StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group increased their price objective on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. 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. According to MarketBeat.com, Ally Financial has an average rating of “Hold” and an average price target of $43.76.

Ally Financial Trading Up 0.6 %

Shares of NYSE ALLY opened at $39.26 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51. Ally Financial has a one year low of $31.95 and a one year high of $45.46. The business has a 50-day moving average price of $37.06 and a two-hundred day moving average price of $37.89. The firm has a market capitalization of $11.96 billion, a PE ratio of 15.10, a PEG ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2,021,808.41 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that Ally Financial will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Institutional Trading of Ally Financial

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in Ally Financial by 68.8% during the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock worth $2,455,000 after buying an additional 28,114 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Ally Financial during the 4th quarter worth about $1,112,000. CWA Asset Management Group LLC acquired a new stake in shares of Ally Financial during the 3rd quarter valued at about $1,338,000. Wealth Enhancement Advisory Services LLC increased its stake in Ally Financial by 58.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock valued at $1,796,000 after acquiring an additional 18,671 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Ally Financial in the third quarter valued at about $21,571,000. Institutional investors and hedge funds 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.