Ally Financial (NYSE:ALLY) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Ally Financial (NYSE:ALLY) from a sell rating to a hold rating in a research report sent to investors on Friday.

ALLY has been the topic of several other reports. TD Cowen increased their price target on shares of Ally Financial from $42.00 to $43.00 and gave the company a hold rating in a research note on Friday, April 19th. 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 target on the stock. JPMorgan Chase & Co. lowered 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 note on Wednesday, April 3rd. Morgan Stanley raised Ally Financial from an equal weight rating to an overweight rating and increased their price objective for the company from $37.00 to $47.00 in a report on Thursday, February 8th. Finally, Raymond James downgraded Ally Financial from a market perform rating to an underperform rating in a report on Friday, January 5th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of Hold and a consensus price target of $38.47.

Ally Financial Stock Up 0.4 %

Shares of NYSE:ALLY opened at $39.30 on Friday. The firm’s 50-day moving average is $38.04 and its two-hundred day moving average is $33.42. 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 1 year low of $22.54 and a 1 year high of $41.56. The firm has a market capitalization of $11.95 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The firm had revenue of $1.99 billion for 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 business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. Analysts predict that Ally Financial will post 2.99 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is currently 48.98%.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of ALLY. NBC Securities Inc. acquired a new stake in Ally Financial in the third quarter valued at $26,000. Northwest Financial Advisors purchased a new position in shares of Ally Financial in the fourth quarter valued at $31,000. Rise Advisors LLC purchased a new position in shares of Ally Financial in the first quarter valued at $32,000. Quarry LP increased its position 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, SYSTM Wealth Solutions LLC increased its position in shares of Ally Financial by 571.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock valued at $38,000 after buying an additional 789 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

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.