Ally Financial (NYSE:ALLY) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Ally Financial (NYSE:ALLY) from a sell rating to a hold rating in a report issued on Wednesday.

A number of other analysts also recently issued reports on the stock. Compass Point boosted their price objective on shares of Ally Financial from $28.00 to $37.00 and gave the company a neutral rating in a report on Thursday, April 11th. Barclays boosted their price objective on shares of Ally Financial from $32.00 to $43.00 and gave the company an equal weight rating in a report on Tuesday, January 2nd. Evercore ISI upped their price target on shares of Ally Financial from $41.00 to $43.00 and gave the stock an in-line rating in a report on Thursday, March 28th. Raymond James downgraded shares of Ally Financial from a market perform rating to an underperform rating in a report on Friday, January 5th. Finally, TheStreet raised shares of Ally Financial from a c+ rating to a b- rating in a report on Thursday, January 11th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $37.59.

Ally Financial Stock Up 0.9 %

Shares of ALLY opened at $36.27 on Wednesday. Ally Financial has a 52 week low of $22.54 and a 52 week high of $41.56. The firm has a market cap of $11.02 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.54 and a beta of 1.40. The firm’s 50-day simple moving average is $37.60 and its 200 day simple moving average is $32.78. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same quarter in the previous year, the firm posted $1.08 EPS. On average, analysts forecast that Ally Financial will post 2.94 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is currently 40.13%.

Hedge Funds Weigh In On Ally Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Roundview Capital LLC acquired a new stake in shares of Ally Financial during the first quarter worth $242,000. Cetera Advisor Networks LLC acquired a new stake in shares of Ally Financial during the first quarter worth $214,000. D.A. Davidson & CO. acquired a new stake in shares of Ally Financial during the first quarter worth $261,000. MetLife Investment Management LLC acquired a new stake in shares of Ally Financial during the first quarter worth $294,000. Finally, Rhumbline Advisers increased its position in shares of Ally Financial by 1.4% during the first quarter. Rhumbline Advisers now owns 291,312 shares of the financial services provider’s stock worth $12,666,000 after buying an additional 4,099 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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.