Ally Financial (NYSE:ALLY) Downgraded by StockNews.com to Hold

Ally Financial (NYSE:ALLY) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other research firms have also recently issued reports on ALLY. JPMorgan Chase & Co. lowered their target price on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Citigroup upped their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley upped their price target on shares of Ally Financial from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.53.

Ally Financial Stock Up 3.8 %

NYSE:ALLY opened at $39.63 on Thursday. The firm’s 50-day moving average price is $36.86 and its 200-day moving average price is $37.92. The company has a market capitalization of $12.08 billion, a PE ratio of 15.85, a P/E/G ratio of 0.39 and a beta of 1.44. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial has a 1-year low of $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2,021,808.41 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. On average, equities analysts predict that Ally Financial will post 2.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Ally Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Ally Financial by 36.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 81,592 shares of the financial services provider’s stock worth $3,237,000 after purchasing an additional 21,622 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Ally Financial by 86.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,527 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,632 shares during the period. Xponance Inc. raised its stake in Ally Financial by 1.4% in the 2nd quarter. Xponance Inc. now owns 45,505 shares of the financial services provider’s stock valued at $1,805,000 after purchasing an additional 640 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Ally Financial by 63.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 52,423 shares of the financial services provider’s stock valued at $2,080,000 after purchasing an additional 20,261 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in Ally Financial in the 2nd quarter valued at $760,000. 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.