Fintel reports that on July 20, 2023, Stephens & Co. maintained coverage of Ally Financial (NYSE:ALLY) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 10.80% Upside
As of July 6, 2023, the average one-year price target for Ally Financial is 32.10. The forecasts range from a low of 22.22 to a high of $49.35. The average price target represents an increase of 10.80% from its latest reported closing price of 28.97.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ally Financial is 8,576MM, an increase of 14.36%. The projected annual non-GAAP EPS is 4.50.
What is the Fund Sentiment?
There are 975 funds or institutions reporting positions in Ally Financial. This is a decrease of 1 owner(s) or 0.10% in the last quarter. Average portfolio weight of all funds dedicated to ALLY is 0.24%, an increase of 2.73%. Total shares owned by institutions decreased in the last three months by 0.71% to 307,670K shares. 
The put/call ratio of ALLY is 1.44, indicating a bearish outlook.
What are Other Shareholders Doing?
Berkshire Hathaway holds 29,000K shares representing 9.64% ownership of the company. In it's prior filing, the firm reported owning 29,800K shares, representing a decrease of 2.76%. The firm decreased its portfolio allocation in ALLY by 6.69% over the last quarter.
Harris Associates L P holds 25,964K shares representing 8.63% ownership of the company. In it's prior filing, the firm reported owning 25,998K shares, representing a decrease of 0.13%. The firm decreased its portfolio allocation in ALLY by 0.74% over the last quarter.
OAKMX - Oakmark Fund Investor Class holds 13,359K shares representing 4.44% ownership of the company. No change in the last quarter.
Sessa Capital IM holds 9,493K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 1,803K shares, representing an increase of 81.01%. The firm increased its portfolio allocation in ALLY by 238.58% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 8,344K shares representing 2.77% ownership of the company. In it's prior filing, the firm reported owning 7,063K shares, representing an increase of 15.35%. The firm increased its portfolio allocation in ALLY by 13.91% over the last quarter.
Ally Financial Background Information
(This description is provided by the company.)
Ally Financial Inc. is a leading digital financial-services company with $182.2 billionin assets as of December 31, 2020. As a customer-centric company with passionate customer service and innovative financial solutions, it's relentlessly focused on 'Doing it Right' and being a trusted financial-services provider to its consumer, commercial, and corporate customers. It's one of the largest full-service automotive-finance operations in the country and offers a wide range of financial services and insurance products to automotive dealerships and consumers. Its award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage lending, personal lending, and a variety of deposit and other banking products, including savings, money-market, and checking accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Additionally, it offer securities-brokerage and investment-advisory services through Ally Invest. Its robust corporate finance business offers capital for equity sponsors and middle-market companies.
Additional reading:
- Ally Financial Reports Second Quarter 2023 Financial Results $0.99 10.8% $403 million $2.08 billion GAAP EPS RETURN ON COMMON EQUITY PRE-TAX INCOME GAAP TOTAL NET REVENUE $0.96 13.9% $390 million $2.07 billion ADJUSTED EPS1 CORE ROTCE1 CORE PRE-TAX I
- 2Q 2023 Preliminary Results Forward-Looking Statements and Additional Information This presentation and related communications should be read in conjunction with the financial statements, notes, and other information contained in our Annual Reports o
- SECOND QUARTER 2023 FINANCIAL SUPPLEMENT
- 6.992% Fixed-to-Floating Rate Senior Note due 2029 Ally Financial Inc.
- CEO Remarks - 2023 Annual Meeting
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
