Ally Financial (NYSE:ALLY) Rating Increased to Hold at StockNews.com

Ally Financial (NYSE:ALLY) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, January 22nd. JPMorgan Chase & Co. cut shares of Ally Financial from a “neutral” rating to an “underweight” rating and raised their target price for the company from $37.00 to $39.00 in a research note on Wednesday, April 3rd. Morgan Stanley raised shares of Ally Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $37.00 to $47.00 in a research note on Thursday, February 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus price target of $37.59.

Ally Financial Trading Up 6.7 %

Shares of NYSE:ALLY opened at $38.71 on Wednesday. The company has a market cap of $11.77 billion, a PE ratio of 12.95, a P/E/G ratio of 0.53 and a beta of 1.40. The company’s 50-day moving average price is $37.65 and its 200 day moving average price is $32.82. Ally Financial has a fifty-two week low of $22.54 and a fifty-two week high of $41.56. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same period last year, the firm posted $1.08 EPS. Sell-side analysts anticipate that Ally Financial will post 2.94 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Ally Financial in the third quarter worth about $26,000. Salem Investment Counselors Inc. boosted its holdings in shares of Ally Financial by 115.0% during the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 345 shares during the period. PCA Investment Advisory Services Inc. acquired a new stake in shares of Ally Financial during the second quarter worth approximately $30,000. Northwest Financial Advisors acquired a new stake in shares of Ally Financial during the fourth quarter worth approximately $31,000. Finally, Rise Advisors LLC acquired a new stake in shares of Ally Financial during the first quarter worth approximately $32,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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.