Ally Financial (NYSE:ALLY) had its price objective increased by investment analysts at Morgan Stanley from $30.00 to $32.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 7.53% from the company’s current price.

Several other equities analysts have also recently weighed in on ALLY. Barclays lowered their price objective on shares of Ally Financial from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. Zacks Investment Research cut shares of Ally Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 3rd. ValuEngine upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. BTIG Research raised their target price on shares of Ally Financial to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Sandler O’Neill upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $29.00 to $33.00 in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Ally Financial currently has a consensus rating of “Buy” and a consensus target price of $32.85.

Shares of NYSE:ALLY opened at $29.76 on Monday. Ally Financial has a twelve month low of $20.60 and a twelve month high of $30.20. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $11.92 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.36.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Ally Financial had a net margin of 23.12% and a return on equity of 11.01%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts expect that Ally Financial will post 3.62 EPS for the current fiscal year.

In other Ally Financial news, CAO David J. Debrunner sold 2,222 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $27.73, for a total transaction of $61,616.06. Following the sale, the chief accounting officer now owns 112,423 shares in the company, valued at approximately $3,117,489.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Jonathan Brown sold 97,311 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $27.01, for a total transaction of $2,628,370.11. Following the sale, the chief executive officer now owns 632,569 shares in the company, valued at approximately $17,085,688.69. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Ally Financial during the 1st quarter valued at approximately $31,000. Private Capital Group LLC grew its holdings in Ally Financial by 53.5% during the 4th quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock valued at $41,000 after buying an additional 634 shares in the last quarter. Enlightenment Research LLC purchased a new stake in Ally Financial during the 4th quarter valued at approximately $54,000. Truvestments Capital LLC purchased a new stake in Ally Financial during the 1st quarter valued at approximately $74,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in Ally Financial by 2,129.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,394,346 shares of the financial services provider’s stock valued at $106,000 after buying an additional 2,286,941 shares in the last quarter.

About Ally Financial

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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