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

Ally Financial (NYSE:ALLY) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities research analysts have also commented on ALLY. Evercore ISI upped their target price on Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research note on Monday, January 22nd. Compass Point upped their price target on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. TD Cowen upped their price target on Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.47.

Ally Financial Stock Down 1.5 %

Shares of Ally Financial stock opened at $39.15 on Friday. Ally Financial has a one year low of $22.54 and a one year high of $41.56. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50-day moving average is $37.97 and its 200 day moving average is $33.32. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.58 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial will post 2.95 EPS for the current year.

Hedge Funds Weigh In On Ally Financial

Several institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System grew its holdings in shares of Ally Financial by 9.1% in the first quarter. New York State Teachers Retirement System now owns 105,503 shares of the financial services provider’s stock valued at $4,282,000 after acquiring an additional 8,840 shares in the last quarter. GFS Advisors LLC bought a new position in shares of Ally Financial in the first quarter valued at approximately $216,000. Simplicity Wealth LLC bought a new position in shares of Ally Financial in the first quarter valued at approximately $234,000. Louisiana State Employees Retirement System grew its holdings in shares of Ally Financial by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 78,100 shares of the financial services provider’s stock valued at $3,170,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Ally Financial by 0.4% during the first quarter. Amalgamated Bank now owns 184,774 shares of the financial services provider’s stock valued at $7,500,000 after purchasing an additional 681 shares during the period. 88.76% of the stock is owned by institutional investors.

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.