Shares of Ally Financial Inc. (NYSE:ALLY) have been assigned a consensus rating of “Buy” from the twenty analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $25.45.

A number of research analysts have weighed in on ALLY shares. BidaskClub lowered Ally Financial from a “buy” rating to a “hold” rating in a report on Sunday, July 23rd. Stephens lowered Ally Financial from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $23.00 to $20.00 in a report on Monday, July 17th. TheStreet upgraded Ally Financial from a “c” rating to a “b-” rating in a report on Wednesday, July 19th. Piper Jaffray Companies restated a “buy” rating on shares of Ally Financial in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $24.00 price objective on shares of Ally Financial in a report on Tuesday, July 4th.

Several large investors have recently modified their holdings of ALLY. UBS Asset Management Americas Inc. increased its position in shares of Ally Financial by 8.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,558,357 shares of the financial services provider’s stock worth $31,681,000 after purchasing an additional 121,682 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Ally Financial by 0.8% during the 1st quarter. TD Asset Management Inc. now owns 25,598 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 200 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Ally Financial by 19.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,360 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 2,203 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Ally Financial by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 10,728 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 328 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Ally Financial by 57.7% during the 1st quarter. Nordea Investment Management AB now owns 12,209 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 4,469 shares during the last quarter.

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Shares of Ally Financial (NYSE ALLY) traded up 1.55% during midday trading on Friday, reaching $24.26. 4,314,622 shares of the company traded hands. The stock has a 50 day moving average price of $22.50 and a 200 day moving average price of $20.84. Ally Financial has a 1-year low of $16.68 and a 1-year high of $24.32. The firm has a market capitalization of $11.64 billion, a PE ratio of 12.36 and a beta of 1.42.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Ally Financial had a return on equity of 7.55% and a net margin of 13.83%. During the same quarter last year, the firm posted $0.54 EPS. Analysts expect that Ally Financial will post $2.27 earnings per share for the current fiscal year.

Ally Financial announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that allows the company to buyback $760.00 million in shares. This buyback authorization allows the financial services provider to purchase up to 7.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

About Ally Financial

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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