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

Ally Financial (NYSE:ALLY) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, July 1st. Morgan Stanley lowered their price target on Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Bank of America lowered their price target on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Citigroup started coverage on Ally Financial in a research report on Monday, June 24th. They issued a “buy” rating and a $50.00 price target for the company. Finally, TD Cowen lowered their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.63.

Ally Financial Trading Down 2.3 %

Ally Financial stock opened at $35.01 on Friday. The firm has a 50 day moving average of $37.62 and a 200 day moving average of $39.12. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 0.42 and a beta of 1.39. Ally Financial has a 12-month low of $22.54 and a 12-month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts predict that Ally Financial will post 2.87 earnings per share for the current year.

Institutional Investors Weigh In On Ally Financial

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Ally Financial by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after purchasing an additional 987,489 shares during the period. Boston Partners acquired a new stake in shares of Ally Financial during the first quarter worth about $152,079,000. Bank of New York Mellon Corp lifted its holdings in shares of Ally Financial by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock worth $146,670,000 after purchasing an additional 31,491 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of Ally Financial by 0.8% during the first quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock worth $112,616,000 after purchasing an additional 21,657 shares during the period. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of Ally Financial by 90.9% during the first quarter. ANTIPODES PARTNERS Ltd now owns 1,529,093 shares of the financial services provider’s stock worth $62,066,000 after purchasing an additional 727,966 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

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.