Ally Financial (NYSE:ALLY) Price Target Lowered to $41.00 at Truist Financial

Ally Financial (NYSE:ALLY) had its price objective cut by stock analysts at Truist Financial from $45.00 to $41.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective points to a potential upside of 31.57% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Monday. Barclays upped their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Compass Point upgraded Ally Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. The Goldman Sachs Group boosted their target price on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley decreased their target price on Ally Financial from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.69.

Ally Financial Stock Performance

Shares of NYSE:ALLY traded up $1.07 during trading on Tuesday, hitting $31.16. 985,949 shares of the company were exchanged, compared to its average volume of 3,503,584. Ally Financial has a 52-week low of $29.52 and a 52-week high of $45.46. The stock has a 50 day moving average of $35.00 and a 200 day moving average of $36.16. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $9.57 billion, a PE ratio of 12.00, a P/E/G ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter in the prior year, the firm posted $0.45 EPS. As a group, equities research analysts predict that Ally Financial will post 3.57 EPS for the current year.

Insiders Place Their Bets

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ALLY. Copia Wealth Management purchased a new stake in shares of Ally Financial during the 1st quarter valued at about $27,000. Principal Securities Inc. lifted its holdings in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after buying an additional 496 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Ally Financial in the fourth quarter worth $43,000. UMB Bank n.a. lifted its holdings in Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares during the period. Finally, Harbour Investments Inc. grew its stake in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 595 shares during the period. Hedge funds and other institutional investors 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.