Brokerages Set Ally Financial Inc. (NYSE:ALLY) PT at $24.18
Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned a consensus rating of “Buy” from the nineteen ratings firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, three have issued 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 $24.50.
ALLY has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Ally Financial from a “buy” rating to a “sell” rating in a research note on Tuesday. Jefferies Group reissued a “buy” rating and set a $28.00 price objective on shares of Ally Financial in a research note on Thursday, August 25th. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Ally Financial in a research note on Tuesday, July 5th. Barclays PLC reaffirmed an “overweight” rating and issued a $23.00 price target on shares of Ally Financial in a research note on Sunday, July 10th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Ally Financial in a research note on Thursday, June 30th.
Institutional investors have recently added to or reduced their stakes in the stock. First Pacific Advisors LLC increased its position in Ally Financial by 305.8% in the second quarter. First Pacific Advisors LLC now owns 10,769,760 shares of the company’s stock valued at $183,840,000 after buying an additional 8,115,699 shares in the last quarter. BlackRock Advisors LLC increased its position in Ally Financial by 61.4% in the second quarter. BlackRock Advisors LLC now owns 12,241,161 shares of the company’s stock valued at $208,957,000 after buying an additional 4,658,743 shares in the last quarter. Norges Bank bought a new position in Ally Financial during the fourth quarter valued at approximately $81,900,000. Columbus Hill Capital Management L.P. increased its position in Ally Financial by 602.5% in the second quarter. Columbus Hill Capital Management L.P. now owns 4,045,978 shares of the company’s stock valued at $69,065,000 after buying an additional 3,470,000 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in Ally Financial during the second quarter valued at approximately $48,687,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Ally Financial (NYSE:ALLY) opened at 19.38 on Monday. Ally Financial has a one year low of $14.55 and a one year high of $21.21. The firm has a 50-day moving average of $19.44 and a 200-day moving average of $17.94. The firm’s market cap is $9.30 billion.
Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Ally Financial had a net margin of 17.61% and a return on equity of 17.19%. During the same quarter last year, the business posted $0.46 EPS. Analysts anticipate that Ally Financial will post $2.25 EPS for the current year.
About Ally Financial
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.
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