Ally Financial Inc. (NYSE:ALLY – Get Free Report) saw unusually large options trading activity on Friday. Stock investors bought 33,732 call options on the stock. This represents an increase of approximately 822% compared to the average daily volume of 3,658 call options.
Analysts Set New Price Targets
ALLY has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. dropped their target price on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America increased their price target on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada raised their price target on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ally Financial currently has an average rating of “Moderate Buy” and a consensus target price of $53.79.
Read Our Latest Stock Analysis on Ally Financial
Insider Activity at Ally Financial
Institutional Trading of Ally Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in ALLY. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ally Financial during the 4th quarter worth about $29,000. Fideuram Asset Management Ireland dac acquired a new stake in Ally Financial in the fourth quarter valued at $35,000. Safe Harbor Fiduciary LLC bought a new position in Ally Financial during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ally Financial during the 4th quarter worth approximately $38,000. Finally, SJS Investment Consulting Inc. boosted its position in Ally Financial by 30.8% during the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.
Ally Financial Trading Down 1.5%
Ally Financial stock traded down $0.72 during mid-day trading on Friday, hitting $46.08. 456,059 shares of the company’s stock were exchanged, compared to its average volume of 3,521,902. The company’s 50 day simple moving average is $44.07 and its 200-day simple moving average is $42.64. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $14.13 billion, a P/E ratio of 11.24, a PEG ratio of 0.26 and a beta of 1.09. Ally Financial has a fifty-two week low of $35.92 and a fifty-two week high of $47.29.
Ally Financial (NYSE:ALLY – Get Free Report) last posted its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was up 36.4% on a year-over-year basis. On average, equities analysts anticipate that Ally Financial will post 5.31 earnings per share for the current year.
Ally Financial Company Profile
Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.
In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.
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