Ally Financial (NYSE:ALLY) Price Target Cut to $45.00 by Analysts at Truist Financial

Ally Financial (NYSE:ALLY) had its price target lowered by investment analysts at Truist Financial from $47.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price indicates a potential upside of 44.07% from the company’s previous close.

Several other brokerages have also issued reports on ALLY. Jefferies Financial Group raised their target price on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company raised their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, BTIG Research lowered shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.53.

Ally Financial Trading Down 5.4 %

Shares of NYSE:ALLY traded down $1.77 during midday trading on Friday, hitting $31.23. 4,712,199 shares of the stock were exchanged, compared to its average volume of 4,062,659. The business’s 50-day moving average price is $36.86 and its 200 day moving average price is $36.41. Ally Financial has a 12 month low of $30.06 and a 12 month high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Analysts predict that Ally Financial will post 3.57 earnings per share for the current year.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were bought 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 of the company’s stock, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ally Financial

A number of hedge funds have recently bought and sold shares of the company. Oak Thistle LLC purchased a new stake in Ally Financial in the 4th quarter valued at about $1,112,000. Point72 Asset Management L.P. purchased a new position in shares of Ally Financial in the 3rd quarter worth approximately $21,571,000. State Street Corp grew its holdings in shares of Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after acquiring an additional 51,426 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Ally Financial during the fourth quarter valued at approximately $461,000. Finally, Franklin Resources Inc. lifted its holdings in Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock worth $19,044,000 after acquiring an additional 345,210 shares during the period. 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.