Ally Financial (NYSE:ALLY) Rating Lowered to “Hold” at StockNews.com

Ally Financial (NYSE:ALLY) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts have also recently issued research reports about the stock. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped their price objective on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Evercore ISI decreased their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Finally, Morgan Stanley lifted their price objective on Ally Financial from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus target price of $43.47.

Ally Financial Trading Down 2.7 %

ALLY stock opened at $39.03 on Thursday. Ally Financial has a 1-year low of $31.95 and a 1-year high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $37.00 and its 200-day moving average is $37.95. The firm has a market cap of $11.89 billion, a P/E ratio of 15.01, a P/E/G ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2,021,808.41 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. Equities analysts anticipate that Ally Financial will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of Ally Financial

Several institutional investors and hedge funds have recently made changes to their positions in ALLY. Venturi Wealth Management LLC grew its position in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the period. Allworth Financial LP increased its stake in Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares in the last quarter. UMB Bank n.a. raised its holdings in Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,061 shares during the period. Quarry LP boosted its position in shares of Ally Financial by 311.4% during the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Ally Financial in the 3rd quarter valued at $63,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.