Ally Financial's (ALLY) "Outperform" Rating Reiterated at Royal Bank of Canada

Ally Financial (NYSE:ALLY - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Royal Bank of Canada in a report released on Monday,Benzinga reports. They presently have a $40.00 price target on the financial services provider's stock. Royal Bank of Canada's price objective would suggest a potential upside of 22.19% from the company's current price.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group upped their target price on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Bank of America dropped their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Truist Financial lowered their price objective on shares of Ally Financial from $47.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Morgan Stanley reduced their target price on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Finally, Wells Fargo & Company reduced their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $41.69.

Ally Financial Stock Performance

Shares of Ally Financial stock traded up $0.68 during trading hours on Monday, reaching $32.74. The company had a trading volume of 285,898 shares, compared to its average volume of 3,510,692. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial has a one year low of $29.52 and a one year high of $45.46. The firm has a market cap of $10.05 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The business has a fifty day simple moving average of $34.75 and a 200 day simple moving average of $36.10.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.15. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same period in the prior year, the business posted $0.45 earnings per share. On average, analysts anticipate that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson bought 8,200 shares of the stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. This trade represents a 3.59 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares of the company's stock, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 52,934 shares of company stock valued at $2,008,170. Company insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of ALLY. Copia Wealth Management bought a new stake in shares of Ally Financial in the 1st quarter worth approximately $27,000. Bessemer Group Inc. boosted its holdings in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after acquiring an additional 377 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Ally Financial during the fourth quarter valued at $43,000. Finally, UMB Bank n.a. raised its position in shares of Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,061 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Ally Financial Company Profile

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.