Ally Financial (NYSE:ALLY) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Ally Financial (NYSE:ALLY - Get Free Report) had its target price upped by The Goldman Sachs Group from $45.00 to $50.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. The Goldman Sachs Group's price objective points to a potential upside of 55.49% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada upped their target price on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Morgan Stanley raised their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and a consensus price target of $42.53.

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Ally Financial Trading Down 2.6 %

Shares of NYSE ALLY traded down $0.84 during mid-day trading on Tuesday, hitting $32.16. The stock had a trading volume of 9,357,136 shares, compared to its average volume of 3,458,242. The firm has a market cap of $9.88 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50 day moving average price of $36.72 and a two-hundred day moving average price of $36.42. Ally Financial has a 1 year low of $30.06 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The company's quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Ally Financial will post 3.57 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Ally Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC increased its holdings in Ally Financial by 8.4% in the 3rd quarter. Cerity Partners LLC now owns 16,488 shares of the financial services provider's stock worth $587,000 after acquiring an additional 1,273 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Ally Financial by 59.5% in the third quarter. Bank of Montreal Can now owns 84,139 shares of the financial services provider's stock worth $2,942,000 after purchasing an additional 31,395 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ally Financial by 6.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 150,877 shares of the financial services provider's stock valued at $5,370,000 after buying an additional 9,383 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Ally Financial by 19.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider's stock worth $74,974,000 after buying an additional 344,543 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in Ally Financial by 29.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 53,079 shares of the financial services provider's stock worth $1,889,000 after buying an additional 12,229 shares in the last quarter. 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.