Ally Financial (NYSE:ALLY) Price Target Raised to $50.00

Ally Financial (NYSE:ALLY) had its target price lifted by The Goldman Sachs Group from $45.00 to $50.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 36.39% from the company’s current price.

Several other analysts have also recently issued reports on ALLY. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Jefferies Financial Group boosted their target price on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods lifted their price target 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.65.

Ally Financial Trading Up 0.5 %

Shares of ALLY stock traded up $0.19 during mid-day trading on Tuesday, hitting $36.66. 1,226,803 shares of the company’s stock were exchanged, compared to its average volume of 3,396,991. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.32 and a beta of 1.40. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The stock has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $36.40.

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

Insider Buying and Selling

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction on Monday, January 27th. The stock was bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Ally Financial by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider’s stock valued at $1,017,360,000 after buying an additional 111,231 shares during the period. State Street Corp raised its stake in shares of Ally Financial by 0.5% during the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after purchasing an additional 51,426 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ally Financial by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider’s stock valued at $175,990,000 after buying an additional 184,278 shares during the last quarter. First Manhattan CO. LLC. grew its stake in shares of Ally Financial by 4.8% in the 4th quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider’s stock valued at $153,752,000 after buying an additional 192,295 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Ally Financial by 84.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider’s stock worth $151,320,000 after buying an additional 1,918,965 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other 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.