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

StockNews.com downgraded shares of Ally Financial (NYSE:ALLY) from a buy rating to a hold rating in a research report report published on Thursday.

ALLY has been the topic of several other reports. Barclays raised their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Citigroup boosted 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. Evercore ISI decreased their price objective on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. JPMorgan Chase & Co. decreased their target price on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price target on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.47.

Ally Financial Stock Performance

Shares of ALLY opened at $39.03 on Thursday. Ally Financial has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a market cap of $11.89 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average price of $37.06 and a 200-day moving average price of $37.94.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data 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 firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2,021,808.41 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. As a group, equities analysts forecast that Ally Financial will post 3.91 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. Ally Financial’s dividend payout ratio is currently 46.15%.

Institutional Trading of Ally Financial

Hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC lifted its position in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 577 shares in the last quarter. Allworth Financial LP boosted its position in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 421 shares during the last quarter. Quarry LP lifted its position in Ally Financial by 311.4% during the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,143 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Ally Financial in the 3rd quarter worth approximately $63,000. Institutional investors 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.