In a report released today, Betsy Graseck from Morgan Stanley maintained a Sell rating on Ally Financial (ALLY – Research Report), with a price target of $22.00. The company’s shares opened today at $31.64.
Graseck covers the Financial sector, focusing on stocks such as PNC Financial, Bank of New York Mellon Corporation, and Huntington Bancshares. According to TipRanks, Graseck has an average return of 4.3% and a 49.13% success rate on recommended stocks.
In addition to Morgan Stanley, Ally Financial also received a Sell from Wells Fargo’s Gary Mobley in a report issued today. However, on the same day, Barclays maintained a Hold rating on Ally Financial (NYSE: ALLY).
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ALLY market cap is currently $9.39B and has a P/E ratio of 6.33.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALLY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ally Financial, Inc. is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers retail installment sales contracts, loans and leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to companies, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles and equipment, and vehicle remarketing services. The Insurance Operations segment focuses on finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. The Mortgage Finance Operations segment consists of the management of a held-for-investment consumer mortgage finance loan portfolio, which includes bulk purchases of jumbo and LMI mortgage loans originated by third parties. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to mostly United States based middle market companies focuses on businesses owned by private equity sponsors with loans typically used for leveraged buyouts, mergers and acquisitions, debt refinancing, restructurings, and working capital. The company was founded in 1919 and is headquartered in Detroit, MI.
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