Shares of Ally Financial Inc. (NYSE:ALLY) have earned an average rating of “Buy” from the nineteen ratings firms that are covering the company. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $24.18.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, September 20th. Jefferies Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Ally Financial in a research note on Tuesday, September 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Ally Financial in a research note on Thursday, June 30th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ally Financial in a research note on Thursday, June 2nd. Finally, BTIG Research reaffirmed a “buy” rating on shares of Ally Financial in a research note on Thursday, June 30th.
Large investors have recently bought and sold shares of the stock. Mizuho Asset Management Co. Ltd. raised its stake in Ally Financial by 176.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,999 shares of the company’s stock worth $119,000 after buying an additional 4,467 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Ally Financial during the second quarter valued at approximately $168,000. Barnett & Company Inc. bought a new position in shares of Ally Financial during the first quarter valued at approximately $178,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ally Financial during the second quarter valued at approximately $179,000. Finally, Seven Eight Capital LLC raised its position in shares of Ally Financial by 180.5% in the first quarter. Seven Eight Capital LLC now owns 10,412 shares of the company’s stock valued at $195,000 after buying an additional 6,700 shares during the period. Institutional investors own 99.83% of the company’s stock.
Ally Financial (NYSE:ALLY) traded down 1.546% during mid-day trading on Monday, hitting $18.785. 771,020 shares of the company traded hands. Ally Financial has a one year low of $14.55 and a one year high of $21.21. The firm’s market capitalization is $9.01 billion. The firm has a 50 day moving average of $19.40 and a 200 day moving average of $17.91.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Ally Financial had a net margin of 17.61% and a return on equity of 17.19%. During the same period last year, the company earned $0.46 EPS. Equities research analysts expect that Ally Financial will post $2.25 earnings per share for the current fiscal year.
Ally Financial Company Profile
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.
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