Ally Financial (NYSE:ALLY) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Ally Financial (NYSE:ALLY) had its price target increased by equities researchers at Morgan Stanley from $41.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 13.55% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research report on Monday, October 21st. Wells Fargo & Company raised their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on Ally Financial from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Truist Financial initiated coverage on Ally Financial in a research note on Tuesday, January 7th. They set a “buy” rating and a $42.00 price target on the stock. Finally, Evercore ISI lowered their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research note on Monday, October 7th. One investment 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.47.

Ally Financial Stock Down 0.1 %

Shares of ALLY stock traded down $0.02 on Thursday, hitting $39.63. The stock had a trading volume of 1,394,893 shares, compared to its average volume of 3,898,682. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial has a one year low of $31.95 and a one year high of $45.46. The business has a 50 day moving average price of $36.92 and a 200 day moving average price of $37.93. The company has a market cap of $12.08 billion, a PE ratio of 15.85, a P/E/G ratio of 0.40 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2,021,808.41 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Research analysts anticipate that Ally Financial will post 2.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV increased its position in shares of Ally Financial by 133.3% in the fourth quarter. KBC Group NV now owns 582,042 shares of the financial services provider’s stock valued at $20,960,000 after buying an additional 332,538 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Ally Financial by 73.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,326 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 6,065 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Ally Financial by 55.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 1,690 shares during the period. UMB Bank n.a. lifted its holdings in Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,061 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at about $227,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

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.