Jefferies Financial Group Issues Positive Forecast for Ally Financial (NYSE:ALLY) Stock Price

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

Several other research firms have also commented on ALLY. JPMorgan Chase & Co. cut their price target on Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley upped their price target on shares of Ally Financial from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore ISI reduced their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Finally, Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.38.

Ally Financial Stock Up 3.8 %

Shares of NYSE:ALLY opened at $39.63 on Thursday. The firm has a 50 day simple moving average of $36.92 and a 200-day simple moving average of $37.93. Ally Financial has a twelve month low of $31.95 and a twelve month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $12.08 billion, a PE ratio of 15.85, a P/E/G ratio of 0.40 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced 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 firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2,021,808.41 billion. During the same period in the previous year, the company earned $0.45 earnings per share. Ally Financial’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts predict that Ally Financial will post 2.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 577 shares during the last quarter. Allworth Financial LP grew its holdings in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after buying an additional 421 shares during the period. Quarry LP increased its stake in shares of Ally Financial by 311.4% during the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,143 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,061 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Ally Financial in the 3rd quarter valued at $63,000. Institutional investors and hedge funds 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.