Ally Financial (NYSE:ALLY) Rating Increased to Buy at Compass Point

Ally Financial (NYSE:ALLY) was upgraded by equities research analysts at Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Monday, Marketbeat reports. The firm presently has a $41.00 target price on the financial services provider’s stock, up from their prior target price of $37.00. Compass Point’s price target suggests a potential upside of 34.23% from the company’s current price.

ALLY has been the subject of several other reports. BTIG Research downgraded Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price target for the company. in a research note on Tuesday, March 25th. Truist Financial cut their price target on shares of Ally Financial from $47.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 4th. The Goldman Sachs Group boosted their target price on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Morgan Stanley raised their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.41.

Ally Financial Price Performance

Shares of ALLY opened at $30.55 on Monday. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.32 and a beta of 1.12. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The company’s fifty day simple moving average is $36.23 and its 200 day simple moving average is $36.34. Ally Financial has a 1-year low of $30.06 and a 1-year high of $45.46.

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, topping analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts forecast that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The stock was purchased at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the purchase, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes purchased 25,634 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ally Financial

A number of institutional investors have recently added to or reduced their stakes in ALLY. Principal Securities Inc. lifted its position in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after buying an additional 496 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. grew its stake in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,061 shares during the period. Harbour Investments Inc. increased its position in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 595 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Ally Financial during the 4th quarter worth $78,000. 88.76% of the stock is owned by institutional investors.

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.