Ally Financial (NYSE:ALLY) Rating Increased to Market Perform at Raymond James

Ally Financial (NYSE:ALLY) was upgraded by analysts at Raymond James from an “underperform” rating to a “market perform” rating in a research note issued on Monday, Marketbeat.com reports.

ALLY has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, July 1st. Morgan Stanley cut their price objective on shares of Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Citigroup initiated coverage on shares of Ally Financial in a research report on Monday, June 24th. They set a “buy” rating and a $50.00 price objective on the stock. Royal Bank of Canada dropped their target price on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th. Finally, BTIG Research downgraded shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Ally Financial presently has an average rating of “Hold” and a consensus price target of $40.38.

Ally Financial Price Performance

NYSE ALLY opened at $34.73 on Monday. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 14.18, a PEG 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’s 50 day moving average is $37.38 and its two-hundred day moving average is $39.07. 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 Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company earned $0.83 EPS. Ally Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Ally Financial will post 2.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALLY. Allspring Global Investments Holdings LLC increased its position in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 526 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Ally Financial in the 1st quarter worth $28,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Ally Financial during the 2nd quarter worth $41,000. Hobbs Group Advisors LLC bought a new stake in shares of Ally Financial in the second quarter valued at about $52,000. Finally, First Community Trust NA purchased a new stake in Ally Financial in the second quarter worth about $53,000. 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.