Ally Financial (NYSE:ALLY) Downgraded to “Sell” Rating by BTIG Research

BTIG Research cut shares of Ally Financial (NYSE:ALLY) from a neutral rating to a sell rating in a research report sent to investors on Tuesday morning, Marketbeat reports. They currently have $30.00 price objective on the financial services provider’s stock.

Several other analysts have also recently commented on ALLY. Barclays raised their target price on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Truist Financial increased their price target on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.53.

Ally Financial Trading Down 1.0 %

Shares of NYSE ALLY opened at $37.50 on Tuesday. The business has a fifty day simple moving average of $37.09 and a 200-day simple moving average of $36.33. The company has a market cap of $11.52 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 0.32 and a beta of 1.40. Ally Financial has a 12 month low of $31.95 and a 12 month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that Ally Financial will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.20%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Ally Financial

Hedge funds have recently modified their holdings of the business. Oak Thistle LLC acquired a new stake in Ally Financial in the 4th quarter worth $1,112,000. Point72 Asset Management L.P. bought a new stake in shares of Ally Financial in the third quarter valued at about $21,571,000. 140 Summer Partners LP acquired a new stake in Ally Financial during the third quarter worth about $19,140,000. State Street Corp increased its stake in Ally Financial by 0.5% during the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after acquiring an additional 51,426 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Ally Financial in the 3rd quarter valued at approximately $4,130,000. 88.76% of the stock is owned by institutional investors.

About Ally Financial

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.