Fintel reports that on October 21, 2024, Raymond James upgraded their outlook for Ally Financial (NYSE:ALLY) from Underperform to Market Perform.
Analyst Price Forecast Suggests 18.26% Upside
As of September 25, 2024, the average one-year price target for Ally Financial is $41.00/share. The forecasts range from a low of $23.43 to a high of $52.50. The average price target represents an increase of 18.26% from its latest reported closing price of $34.67 / share.
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The projected annual revenue for Ally Financial is 9,012MM, an increase of 33.23%. The projected annual non-GAAP EPS is 5.34.
What is the Fund Sentiment?
There are 1,102 funds or institutions reporting positions in Ally Financial. This is an increase of 59 owner(s) or 5.66% in the last quarter. Average portfolio weight of all funds dedicated to ALLY is 0.23%, an increase of 16.55%. Total shares owned by institutions increased in the last three months by 2.55% to 318,599K shares. 
The put/call ratio of ALLY is 0.76, indicating a bullish outlook.
What are Other Shareholders Doing?
Berkshire Hathaway holds 29,000K shares representing 9.52% ownership of the company. No change in the last quarter.
Harris Associates L P holds 20,650K shares representing 6.78% ownership of the company. In its prior filing, the firm reported owning 21,078K shares , representing a decrease of 2.07%. The firm decreased its portfolio allocation in ALLY by 2.05% over the last quarter.
OAKMX - Oakmark Fund Investor Class holds 11,959K shares representing 3.93% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,645K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 8,629K shares , representing an increase of 0.20%. The firm decreased its portfolio allocation in ALLY by 4.77% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 8,510K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 8,452K shares , representing an increase of 0.68%. The firm increased its portfolio allocation in ALLY by 0.73% 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.
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