Ally Financial Authorizes $2 Billion Share Repurchase Program
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 8 hour ago
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Source: PRnewswire
- Repurchase Program Launch: Ally Financial's board has authorized a share repurchase program of up to $2 billion, expected to commence this quarter, reflecting the company's strong confidence in its core business and optimistic outlook for future growth.
- Flexible Repurchase Strategy: The program allows for stock repurchases through open market purchases or privately negotiated transactions, enabling management to determine the quantity, timing, and price based on capital and liquidity conditions, thereby enhancing the company's flexibility and responsiveness in the market.
- Capital Allocation Considerations: The implementation of the repurchase program will be influenced by various factors, including the company's financial and operational performance, alternative uses of capital, and market conditions, which will help optimize the company's capital structure and enhance shareholder value.
- Long-term Strategic Outlook: This repurchase program not only reflects Ally Financial's confidence in future growth but may also enhance stock demand in the market, potentially driving up share prices and creating long-term value for shareholders.
ALLY.N$0.0000%Past 6 months

No Data
Analyst Views on ALLY
Wall Street analysts forecast ALLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALLY is 48.67 USD with a low forecast of 42.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast ALLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALLY is 48.67 USD with a low forecast of 42.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 42.340

Current: 42.340

TD Cowen analyst Moshe Orenbuch upgraded Ally Financial to Buy from Hold with a price target of $50, up from $43. The company's Q3 results prove its credit and margins can drive a 14% return on tangible common equity in 2027 and support above consensus earnings over the next two years, the analyst tells investors in a research note. TD believes Ally has shown it has sufficient credit and margin strength to hit its mid-teens ROTCE target in the next two years and perhaps sooner.
Overweight
maintain
$42 -> $43
Reason
JPMorgan raised the firm's price target on Ally Financial to $43 from $42 and keeps an Overweight rating on the shares following the Q3 report. The firm continues to believe Ally could see upside from better credit performance if auto tariffs increase used vehicle prices and ease loss severities.
Truist raised the firm's price target on Ally Financial to $47 from $45 and keeps a Buy rating on the shares. The firm updated the company's model post the Q3 report.
Outperform -> NULL
downgrade
$56 -> $51
Reason
Keefe Bruyette lowered the firm's price target on Ally Financial to $51 from $56 and keeps an Outperform rating on the shares.
About ALLY
Ally Financial Inc. is a financial services company. The Company’s segments include Automotive Finance operations, Insurance operations, and Corporate Finance operations. The Automotive Finance operations segment is engaged in providing automotive financing services to consumers, automotive dealers and retailers, companies, and municipalities. Its Insurance operations segment operates as a complementary automotive-focused business, offering both consumer finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. Its Corporate Finance operations segment provides senior secured asset-based and leveraged cash flow loans to U.S.-based middle-market companies, with a focus on businesses owned by private equity sponsors. The Company also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.