Keefe, Bruyette & Woods Trims Ally Financial (NYSE:ALLY) Target Price to $44.00

Ally Financial (NYSE:ALLY) had its price objective dropped by research analysts at Keefe, Bruyette & Woods from $50.00 to $44.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 33.45% from the company’s previous close.

A number of other equities analysts have also recently commented on ALLY. Royal Bank of Canada reduced their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday. BTIG Research downgraded shares of Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday. Barclays reduced their price target on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday. Evercore ISI upped their price target on shares of Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Finally, Morgan Stanley cut their price objective on Ally Financial from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.41.

Ally Financial Trading Up 0.4 %

Shares of NYSE:ALLY opened at $32.97 on Monday. The company’s 50-day moving average price is $41.30 and its two-hundred day moving average price is $39.75. Ally Financial has a one year low of $22.54 and a one year high of $45.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $10.02 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Ally Financial’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts forecast that Ally Financial will post 3.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners bought a new stake in shares of Ally Financial in the 1st quarter valued at $152,079,000. Scout Investments Inc. bought a new stake in Ally Financial in the fourth quarter valued at $63,080,000. Norges Bank bought a new stake in Ally Financial in the fourth quarter valued at $62,869,000. Jennison Associates LLC acquired a new position in shares of Ally Financial during the first quarter valued at about $52,252,000. Finally, Delta Global Management LP boosted its position in shares of Ally Financial by 3,262.3% during the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after purchasing an additional 1,005,182 shares in the last quarter. 88.76% of the stock is currently 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.