ALLY has been the topic of several other reports. Piper Sandler raised shares of Ally Financial from an underweight rating to a neutral rating and upped their price target for the company from $25.00 to $28.00 in a report on Monday, January 9th. Raymond James cut shares of Ally Financial from an outperform rating to a market perform rating in a report on Thursday, October 6th. StockNews.com cut shares of Ally Financial from a hold rating to a sell rating in a report on Monday, December 5th. S&P Equity Research set a $29.50 target price on shares of Ally Financial in a report on Monday, November 14th. Finally, Bank of America cut shares of Ally Financial from a buy rating to an underperform rating and dropped their target price for the stock from $35.00 to $26.00 in a report on Thursday, January 5th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of Hold and an average target price of $34.55.
Ally Financial Trading Up 20.0 %
ALLY opened at $31.43 on Friday. The stock has a market capitalization of $9.39 billion, a PE ratio of 6.32 and a beta of 1.27. The firm’s fifty day moving average price is $25.73 and its 200 day moving average price is $29.43. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.88 and a quick ratio of 0.87. Ally Financial has a 12-month low of $22.34 and a 12-month high of $51.05.
Ally Financial Announces Dividend
Insider Activity at Ally Financial
In related news, Director Marjorie Magner bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was purchased at an average price of $27.43 per share, for a total transaction of $54,860.00. Following the transaction, the director now directly owns 55,603 shares of the company’s stock, valued at approximately $1,525,190.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Ally Financial
A number of institutional investors and hedge funds have recently bought and sold shares of ALLY. Private Trust Co. NA grew its position in Ally Financial by 99.8% in the 3rd quarter. Private Trust Co. NA now owns 891 shares of the financial services provider’s stock valued at $25,000 after buying an additional 445 shares in the last quarter. Syverson Strege & Co bought a new position in Ally Financial in the 2nd quarter valued at about $26,000. Denali Advisors LLC bought a new position in shares of Ally Financial during the 3rd quarter valued at about $28,000. Salem Investment Counselors Inc. boosted its position in shares of Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 345 shares in the last quarter. Finally, Tobam bought a new position in shares of Ally Financial during the 2nd quarter valued at about $32,000. Institutional investors own 90.35% of the company’s stock.
Ally Financial Company Profile
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.
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