Morgan Stanley Increases Ally Financial (NYSE:ALLY) Price Target to $45.00

Ally Financial (NYSE:ALLY) had its price objective boosted by equities researchers at Morgan Stanley from $41.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 13.55% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group raised their price target on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup increased their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Jefferies Financial Group upped their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lifted their target price on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus target price of $43.47.

Ally Financial Stock Down 0.1 %

Ally Financial stock traded down $0.02 during trading hours on Thursday, hitting $39.63. The stock had a trading volume of 1,394,893 shares, compared to its average volume of 3,898,682. The stock’s 50-day moving average price is $36.92 and its 200-day moving average price is $37.93. The stock has a market capitalization of $12.08 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 0.40 and a beta of 1.44. Ally Financial has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2,021,808.41 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Equities research analysts anticipate that Ally Financial will post 2.96 EPS for the current fiscal year.

Institutional Trading of Ally Financial

Several hedge funds have recently modified their holdings of the company. KBC Group NV grew its holdings in shares of Ally Financial by 133.3% in the fourth quarter. KBC Group NV now owns 582,042 shares of the financial services provider’s stock valued at $20,960,000 after purchasing an additional 332,538 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Ally Financial by 73.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,326 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 6,065 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Ally Financial by 55.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 1,690 shares during the period. UMB Bank n.a. grew its position in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of Ally Financial during the fourth quarter worth $227,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

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.