Brokerages Set Ally Financial Inc. (NYSE:ALLY) Price Target at $53.79

Ally Financial Inc. (NYSE:ALLY) has earned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $53.7857.

Several equities analysts recently weighed in on ALLY shares. The Goldman Sachs Group boosted their price objective on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Evercore reaffirmed an “outperform” rating and set a $54.00 target price on shares of Ally Financial in a research report on Tuesday, April 21st. Citigroup cut their target price on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Bank of America raised their price target on shares of Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th.

Insider Buying and Selling

In other news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the sale, the insider owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ally Financial

Institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Ally Financial during the 4th quarter valued at $29,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ally Financial in the fourth quarter valued at $35,000. Safe Harbor Fiduciary LLC bought a new position in shares of Ally Financial in the fourth quarter valued at about $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ally Financial in the fourth quarter valued at about $38,000. Finally, SJS Investment Consulting Inc. lifted its position in Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after buying an additional 240 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $45.61 on Monday. Ally Financial has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The business has a 50-day moving average of $44.10 and a two-hundred day moving average of $42.66. The stock has a market capitalization of $13.98 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.27 and a beta of 1.09. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. On average, equities research analysts predict that Ally Financial will post 5.31 EPS for the current fiscal year.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.