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 note issued to investors on Wednesday.

A number of other equities research analysts have also commented on the stock. Evercore ISI increased their price objective on shares of Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. BMO Capital Markets increased their price target on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday, January 23rd. Raymond James downgraded shares of Ally Financial from a “market perform” rating to an “underperform” rating in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. downgraded shares of Ally Financial from a “neutral” rating to an “underweight” rating and increased their price target for the company from $37.00 to $39.00 in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Ally Financial has a consensus rating of “Hold” and a consensus target price of $37.59.

Ally Financial Stock Up 6.7 %

Shares of NYSE:ALLY opened at $38.71 on Wednesday. Ally Financial has a 12 month low of $22.54 and a 12 month high of $41.56. The company’s 50-day moving average price is $37.65 and its two-hundred day moving average price is $32.82. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54. The firm has a market cap of $11.77 billion, a P/E ratio of 12.95, a P/E/G ratio of 0.53 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, research analysts forecast that Ally Financial will post 2.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

Hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. grew its stake in shares of Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 345 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Ally Financial in the first quarter valued at $32,000. Northwest Financial Advisors bought a new position in shares of Ally Financial in the fourth quarter valued at $31,000. Quarry LP grew its stake in shares of Ally Financial by 165.7% in the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after buying an additional 598 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Ally Financial in the third quarter valued at $26,000. 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.