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

Ally Financial (NYSE:ALLY) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other research analysts have also issued reports on ALLY. JPMorgan Chase & Co. lowered shares of Ally Financial from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $37.00 to $39.00 in a research report on Wednesday, April 3rd. Compass Point increased their price target on shares of Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Morgan Stanley raised shares of Ally Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $37.00 to $47.00 in a research note on Thursday, February 8th. Finally, Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $42.00 to $46.00 in a report on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial has a consensus rating of “Hold” and an average target price of $38.47.

Ally Financial Stock Up 0.4 %

ALLY stock opened at $39.30 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial has a 52-week low of $22.54 and a 52-week high of $41.56. The company has a 50-day moving average of $38.04 and a two-hundred day moving average of $33.47. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, equities research analysts anticipate that Ally Financial will post 2.99 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. AE Wealth Management LLC acquired a new position in Ally Financial in the 3rd quarter valued at about $368,000. SG Americas Securities LLC grew its position in shares of Ally Financial by 53.1% during the 3rd quarter. SG Americas Securities LLC now owns 43,178 shares of the financial services provider’s stock worth $1,152,000 after purchasing an additional 14,972 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Ally Financial during the 3rd quarter worth approximately $860,000. Denali Advisors LLC grew its position in shares of Ally Financial by 68.6% during the 3rd quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 772 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Ally Financial during the 3rd quarter worth approximately $454,000. 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.