Ally Financial Inc. (NYSE:ALLY) Receives Consensus Recommendation of “Hold” from Analysts

Ally Financial Inc. (NYSE:ALLY) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $42.67.

ALLY has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. boosted their price target on Ally Financial from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Truist Financial initiated coverage on Ally Financial in a report on Tuesday. They set a “buy” rating and a $42.00 price objective on the stock. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, Evercore ISI dropped their price target on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after buying an additional 526 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Ally Financial during the second quarter valued at approximately $41,000. Allworth Financial LP raised its stake in shares of Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares in the last quarter. Finally, Quarry LP lifted its position in Ally Financial by 311.4% in the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,143 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY stock opened at $35.61 on Thursday. Ally Financial has a fifty-two week low of $31.77 and a fifty-two week high of $45.46. The stock’s 50-day moving average is $36.87 and its two-hundred day moving average is $38.17. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $10.85 billion, a P/E ratio of 14.24, a PEG ratio of 0.46 and a beta of 1.44.

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

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.