Ally Financial (NYSE:ALLY) PT Raised to $48.00 at Keefe, Bruyette & Woods

Ally Financial (NYSE:ALLY) had its price target lifted by equities researchers at Keefe, Bruyette & Woods from $45.00 to $48.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 16.99% from the stock’s previous close.

A number of other equities analysts also recently issued reports on ALLY. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday, April 10th. Compass Point boosted their price target on shares of Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. BMO Capital Markets increased their price objective on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. upgraded Ally Financial from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $39.00 to $45.00 in a research note on Monday. Finally, TD Cowen upped their target price on Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $41.89.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $41.03 on Monday. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.48 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial has a fifty-two week low of $22.54 and a fifty-two week high of $41.77. The firm’s 50-day simple moving average is $39.44 and its 200 day simple moving average is $37.79.

Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. As a group, research analysts anticipate that Ally Financial will post 3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in Ally Financial during the 1st quarter valued at about $28,000. Northwest Financial Advisors bought a new position in shares of Ally Financial in the fourth quarter valued at approximately $31,000. Rise Advisors LLC purchased a new position in Ally Financial during the first quarter valued at approximately $32,000. Quarry LP increased its holdings in Ally Financial by 165.7% during the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 598 shares during the period. Finally, SYSTM Wealth Solutions LLC increased its holdings in Ally Financial by 571.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 789 shares during the period. 88.76% of the stock is owned by institutional investors.

About Ally Financial

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.