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

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

Several other research analysts have also weighed in on ALLY. Wells Fargo & Company upped their target price on Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 10th. Raymond James downgraded Ally Financial from a “market perform” rating to an “underperform” rating in a research note on Friday, January 5th. Compass Point upped their price target on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Barclays upped their price target on Ally Financial from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Evercore ISI increased their target price on Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Ally Financial has an average rating of “Hold” and an average target price of $38.47.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $39.15 on Friday. Ally Financial has a twelve month low of $22.54 and a twelve month high of $41.56. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.40. The business has a 50 day simple moving average of $37.97 and a 200-day simple moving average of $33.32.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, equities research analysts expect that Ally Financial will post 2.95 earnings per share for the current year.

Institutional Trading of Ally Financial

Institutional investors have recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Ally Financial in the third quarter valued at about $26,000. Northwest Financial Advisors bought a new stake in shares of Ally Financial in the fourth quarter valued at about $31,000. Rise Advisors LLC bought a new stake in Ally Financial during the first quarter worth about $32,000. Quarry LP raised its holdings in Ally Financial by 165.7% during the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 598 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in Ally Financial by 337.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,206 shares in the last quarter. 88.76% of the stock is currently 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.