Jefferies Financial Group Forecasts Strong Price Appreciation for Ally Financial (NYSE:ALLY) Stock

Ally Financial (NYSE:ALLY) had its price target lifted by research analysts at Jefferies Financial Group from $35.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 0.93% from the company’s current price.

Several other research analysts have also recently commented on ALLY. Truist Financial assumed coverage on Ally Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $42.00 price target on the stock. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup lifted their price target on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI reduced their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.38.

Ally Financial Stock Up 3.8 %

Shares of NYSE:ALLY opened at $39.63 on Thursday. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 0.40 and a beta of 1.44. The company has a 50 day moving average of $36.92 and a two-hundred day moving average of $37.93. Ally Financial has a 52-week low of $31.95 and a 52-week high of $45.46. 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 (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2,021,808.41 billion. During the same period last year, the business earned $0.45 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that Ally Financial will post 2.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ally Financial

Several large investors have recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares in the last quarter. Allworth Financial LP boosted its position in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares during the period. Quarry LP grew its stake in shares of Ally Financial by 311.4% in the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,143 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of 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 during the period. Finally, Brooklyn Investment Group acquired a new stake in Ally Financial in the third quarter worth about $63,000. Institutional investors and hedge funds 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.