Ally Financial (ALLY) Shares Gap Up to $26.00

Shares of Ally Financial Inc (NYSE:ALLY) gapped up before the market opened on Monday . The stock had previously closed at $25.06, but opened at $26.00. Ally Financial shares last traded at $26.38, with a volume of 383355 shares.

A number of analysts recently weighed in on the stock. Janney Montgomery Scott raised shares of Ally Financial from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, June 29th. Nomura assumed coverage on shares of Ally Financial in a report on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 price objective on the stock. Instinet assumed coverage on shares of Ally Financial in a report on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 price objective on the stock. ValuEngine cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Finally, Zacks Investment Research raised shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.50.

The stock has a market cap of $11.30 billion, a PE ratio of 11.12, a PEG ratio of 0.70 and a beta of 1.37. The company has a debt-to-equity ratio of 3.45, a quick ratio of 1.19 and a current ratio of 1.19.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Ally Financial had a net margin of 14.20% and a return on equity of 8.71%. During the same quarter in the prior year, the firm posted $0.48 EPS. sell-side analysts expect that Ally Financial Inc will post 2.97 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Freestone Capital Holdings LLC grew its position in Ally Financial by 4.9% in the 1st quarter. Freestone Capital Holdings LLC now owns 40,867 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 1,904 shares in the last quarter. BB&T Securities LLC grew its position in Ally Financial by 1.9% in the 4th quarter. BB&T Securities LLC now owns 123,699 shares of the financial services provider’s stock valued at $3,607,000 after buying an additional 2,343 shares in the last quarter. Stifel Financial Corp grew its position in Ally Financial by 13.4% in the 1st quarter. Stifel Financial Corp now owns 20,086 shares of the financial services provider’s stock valued at $547,000 after buying an additional 2,381 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in Ally Financial by 3.8% in the 1st quarter. Xact Kapitalforvaltning AB now owns 69,430 shares of the financial services provider’s stock valued at $1,885,000 after buying an additional 2,556 shares in the last quarter. Finally, Providence Capital Advisors LLC grew its position in Ally Financial by 5.2% in the 1st quarter. Providence Capital Advisors LLC now owns 55,489 shares of the financial services provider’s stock valued at $1,507,000 after buying an additional 2,733 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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