Ally Financial (NYSE:ALLY) Given New $50.00 Price Target at UBS Group

Ally Financial (NYSE:ALLY) had its price objective cut by investment analysts at UBS Group from $54.00 to $50.00 in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price would suggest a potential upside of 33.83% from the stock’s previous close.

A number of other research firms also recently weighed in on ALLY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $58.00 target price on shares of Ally Financial in a research report on Wednesday, July 22nd. Truist Financial reduced their target price on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Bank of America boosted their target price on Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada boosted their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company lowered shares of Ally Financial from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $55.00 to $42.00 in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.43.

Ally Financial Stock Down 0.7%

NYSE ALLY traded down $0.26 during trading on Monday, hitting $37.36. 2,111,840 shares of the company traded hands, compared to its average volume of 3,493,824. Ally Financial has a 12 month low of $35.92 and a 12 month high of $47.29. The business has a fifty day simple moving average of $41.84 and a 200 day simple moving average of $42.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $11.37 billion, a P/E ratio of 8.81, a PEG ratio of 0.23 and a beta of 1.11.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. As a group, sell-side analysts predict that Ally Financial will post 5.16 EPS for the current year.

Insider Transactions at Ally Financial

In related news, insider Stephanie Richard sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the sale, the insider directly owned 88,927 shares in the company, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Ally Financial

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Ally Financial during the second quarter worth approximately $1,315,659,000. Berkshire Hathaway Inc bought a new position in shares of Ally Financial during the second quarter worth approximately $1,240,650,000. Dimensional Fund Advisors LP increased its stake in Ally Financial by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider’s stock valued at $353,776,000 after acquiring an additional 309,638 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Ally Financial by 7.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,071,504 shares of the financial services provider’s stock valued at $274,978,000 after acquiring an additional 444,756 shares during the last quarter. Finally, Donald Smith & CO. Inc. bought a new position in Ally Financial in the second quarter valued at approximately $172,509,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial News Summary

Here are the key news stories impacting Ally Financial this week:

• Positive Sentiment: UBS upgraded Ally Financial to “strong-buy”, reinforcing confidence in the company’s valuation and outlook. The upgrade is a potential catalyst for the stock, which trades well below UBS’s reported target. UBS Group Upgrades Ally Financial to Strong-Buy
• Positive Sentiment: Analysts continue to see meaningful upside: TD Cowen maintained a buy rating with a $54 target, while Raymond James retained a strong-buy rating despite trimming its target to $52. Raymond James Lowers Price Target on Ally Financial
• Neutral Sentiment: Management commentary emphasizing that “strategy is about choices” highlights Ally’s focus on capital allocation and business priorities. Investors may look for more detail on these decisions during the upcoming earnings announcement. Ally CEO: Strategy is about Choices
• Neutral Sentiment: Analyst coverage and broader commentary on financial companies provide additional context for Ally’s outlook, but do not represent a material change in fundamentals by themselves. Analysts Offer Insights on Financial Companies
• Negative Sentiment: Multiple firms have reduced their targets, including UBS to $50, Raymond James to $52 from $55 and TD Cowen to $54 from $55. Although ratings remain positive, the cuts signal more cautious expectations for near-term performance. UBS Cuts Target for Ally Financial
• Negative Sentiment: Investors are awaiting Ally’s October 20 results, creating event risk. Recent analysis suggests a steepening yield curve may benefit the bank, but weakening price momentum is offsetting that fundamental support. A Steepening Curve Favors the Bank, But Momentum Disagrees

Ally Financial Company Profile

Ally Financial Inc (NYSE:ALLY) is a digital financial-services company headquartered in Detroit, Michigan. Its principal businesses include automotive financing, consumer banking, commercial finance and other lending services, primarily serving customers and businesses in the United States.

Through Ally Auto, the company provides retail installment loans and leases for new and used vehicles, along with financing and related services for automotive dealers. Ally Bank offers online checking and savings accounts, money market accounts, certificates of deposit and other deposit products.