Evercore ISI analysts assumed a hedge of shares of Ally Financial (NYSE: ALLY) in a report released on Thursday, Fly reports. The brokerage established an “outperformance” rating on the stock of the financial services provider.
Several other equity analysts also commented on ALLY. Barclays raised its price target on Ally Financial from $ 52.00 to $ 57.00 and rated the company “overweight” in a research note on Wednesday. Wells Fargo & Company raised its price target on Ally Financial from $ 45.00 to $ 51.00 and rated the stock “overweight” in a research note on Thursday, March 11. Zacks investment research downgraded Ally Financial from a “strong buy” rating to a “hold” rating and set a price target of $ 36.00 for the company. in a research note on Monday, December 21. Smith Barney Citigroup raised its price target on Ally Financial from $ 33.00 to $ 45.00 in a research note on Wednesday, January 13. Finally, Credit Suisse Group raised its price target on Ally Financial from $ 34.00 to $ 42.00 and gave the stock an “outperformance” rating in a research note on Wednesday, January 13. One analyst rated the stock with a sell rating, three assigned a sustaining rating, and seventeen assigned a buy rating to the company’s stock. Ally Financial currently has a “Buy” consensus rating and a consensus target price of $ 39.45.
Ally financial action traded as high as $ 0.06 when trading Thursday, reaching $ 47.08. The company’s shares had a trading volume of 144,261 shares, compared to its average volume of 4,441,855. The stock has a market capitalization of $ 17.57 billion, a price / earnings ratio of 23.08 and a beta of 1.61. The stock’s fifty-day moving average is $ 44.39 and its 200-day moving average is $ 35.61. Ally Financial has a one-year low of $ 13.29 and a one-year high of $ 47.61. The company has a debt to equity ratio of 1.82, a quick ratio of 0.97, and a current ratio of 0.97.
Ally Financial (NYSE: ALLY) last reported its results on Thursday, January 21. The financial services provider reported EPS of $ 1.60 for the quarter, beating the Thomson Reuters consensus estimate of $ 1.05 by $ 0.55. The company posted sales of $ 1.98 billion in the quarter, compared to analysts’ estimates of $ 1.65 billion. Ally Financial achieved a return on equity of 6.43% and a net margin of 12.22%. On average, research analysts predict that Ally Financial will post EPS of 2.48 for the current fiscal year.
Similarly, CEO Jeffrey Jonathan Brown sold 15,000 shares in a transaction dated Monday, March 1. The stock was sold for an average price of $ 43.09, for a total value of $ 646,350.00. Following the closing of the transaction, the CEO now owns 680,909 shares of the company, valued at $ 29,340,368.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Additionally, CAO David J. Debrunner sold 27,500 shares of the stock in a transaction dated Monday, April 5. The shares were sold for an average price of $ 47.13, for a total value of $ 1,296,075.00. Following the closing of the transaction, the chief accounting officer now directly owns 74,335 shares of the company, valued at approximately $ 3,503,408.55. Disclosure of this sale can be found here. In the last quarter, insiders sold 51,626 shares of the company valued at $ 2,358,517. Insiders own 0.36% of the company’s shares.
Institutional investors and hedge funds have recently changed their holdings of equities. Achmea Investment Management BV increased its holdings in Ally Financial by 23.5% in the fourth quarter. Achmea Investment Management BV now owns 81,802 shares of the financial services provider valued at $ 2,917,000 after purchasing an additional 15,563 shares in the last quarter. Strs Ohio increased its stake in Ally Financial by 603.5% in the 4th quarter. Strs Ohio now owns 39,352 shares of the financial services provider valued at $ 1,403,000 after purchasing an additional 33,758 shares in the last quarter. Lazard Asset Management LLC increased its stake in Ally Financial by 79,744.5% during the 4th quarter. Lazard Asset Management LLC now owns 612,407 shares of the financial services provider valued at $ 21,838,000 after purchasing an additional 611,640 shares in the last quarter. Nippon Life Global Investors Americas Inc. increased its stake in Ally Financial by 16.4% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 244,100 shares of the financial services provider valued at $ 8,705,000 after purchasing an additional 34,440 shares in the last quarter. Finally, Raymond James Trust NA acquired a new position in Ally Financial during the 4th quarter for a value of approximately $ 296,000. 92.07% of the shares are held by hedge funds and other institutional investors.
Ally Financial Company Profile
Ally Financial Inc, a banking holding company, provides a variety of digital financial products and services to individuals, businesses and businesses primarily in the United States and Canada. It operates through the segments of auto finance operations, insurance operations, mortgage finance operations and corporate finance operations.
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