Ally Financial (NYSE:ALLY) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Ally Financial (NYSE:ALLY) had its target price increased by stock analysts at Royal Bank of Canada from $41.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price indicates a potential upside of 13.55% from the company’s current price.

ALLY has been the topic of several other reports. Barclays upped their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Morgan Stanley raised their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore ISI cut their price objective on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. raised their target price on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.47.

Ally Financial Trading Down 0.1 %

Shares of ALLY stock traded down $0.02 during trading on Thursday, hitting $39.63. 1,394,893 shares of the stock traded hands, compared to its average volume of 3,898,682. Ally Financial has a 52-week low of $31.95 and a 52-week high of $45.46. The firm 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. The firm’s fifty day moving average price is $36.92 and its 200-day moving average price is $37.93. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last announced its quarterly 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. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2,021,808.41 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, research analysts forecast that Ally Financial will post 2.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KBC Group NV increased its holdings in shares of Ally Financial by 133.3% in the 4th 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% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,326 shares of the financial services provider’s stock worth $516,000 after buying an additional 6,065 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Ally Financial by 55.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider’s stock valued at $170,000 after buying an additional 1,690 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Ally Financial by 218.8% during 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 period. Finally, HB Wealth Management LLC acquired a new stake in shares of Ally Financial in the 4th quarter worth approximately $227,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

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.