Ally Financial Inc (NYSE:ALLY) had its price objective dropped by research analysts at Credit Suisse Group AG to $26.00 in a report issued on Wednesday. Credit Suisse Group AG’s price target suggests a potential upside of 26.77% from the stock’s previous close.
Several other research firms also recently commented on ALLY. Sandler O’Neill downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Zacks Investment Research raised shares of Ally Financial from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 7th. Barclays PLC reaffirmed an “overweight” rating and set a $24.00 price objective (up from $23.00) on shares of Ally Financial in a report on Tuesday, January 3rd. TheStreet raised shares of Ally Financial to a “buy” rating in a report on Monday, December 12th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price objective on shares of Ally Financial in a report on Wednesday, February 1st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Ally Financial presently has an average rating of “Buy” and an average target price of $25.23.
Shares of Ally Financial (NYSE:ALLY) opened at 20.51 on Wednesday. Ally Financial has a one year low of $14.84 and a one year high of $23.62. The company’s 50 day moving average is $22.34 and its 200 day moving average is $20.11. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 9.54 and a beta of 1.37.
Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.07. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Ally Financial had a net margin of 16.34% and a return on equity of 7.86%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Equities research analysts predict that Ally Financial will post $2.36 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the stock. Boston Partners increased its stake in shares of Ally Financial by 35.3% in the third quarter. Boston Partners now owns 24,081,559 shares of the company’s stock worth $468,868,000 after buying an additional 6,282,905 shares in the last quarter. Harris Associates L P increased its stake in shares of Ally Financial by 0.7% in the third quarter. Harris Associates L P now owns 23,686,392 shares of the company’s stock worth $461,174,000 after buying an additional 174,362 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Ally Financial by 5.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,649,556 shares of the company’s stock worth $226,817,000 after buying an additional 622,465 shares in the last quarter. State Street Corp increased its stake in shares of Ally Financial by 1.3% in the fourth quarter. State Street Corp now owns 10,912,861 shares of the company’s stock worth $207,567,000 after buying an additional 145,042 shares in the last quarter. Finally, Allianz Asset Management AG increased its stake in shares of Ally Financial by 26.2% in the fourth quarter. Allianz Asset Management AG now owns 6,658,841 shares of the company’s stock worth $126,651,000 after buying an additional 1,383,054 shares in the last quarter. 95.31% of the stock is currently owned by institutional investors and hedge funds.
About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.