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

Ally Financial (NYSE:ALLY) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other analysts also recently commented on the company. Truist Financial lowered their target price on Ally Financial from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Bank of America dropped their price objective on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company decreased their target price on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. BTIG Research cut shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.69.

Ally Financial Stock Down 2.3%

Shares of NYSE:ALLY opened at $35.79 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $33.81 and a two-hundred day simple moving average of $35.96. Ally Financial has a 1 year low of $29.52 and a 1 year high of $45.46. The firm has a market capitalization of $10.99 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities analysts predict that Ally Financial will post 3.57 EPS for the current year.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson purchased 8,200 shares of Ally Financial stock in a transaction that occurred on Tuesday, April 22nd. The stock was purchased at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the transaction, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider now directly owns 90,387 shares of the company’s stock, valued at $2,905,038.18. The trade was a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ieq Capital LLC acquired a new stake in Ally Financial in the first quarter valued at $1,416,000. Gabelli Funds LLC raised its holdings in Ally Financial by 3.5% in the 1st quarter. Gabelli Funds LLC now owns 29,685 shares of the financial services provider’s stock valued at $1,083,000 after acquiring an additional 1,000 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of Ally Financial during the 1st quarter valued at about $727,000. Ceredex Value Advisors LLC acquired a new position in Ally Financial during the first quarter worth approximately $12,708,000. Finally, Causeway Capital Management LLC grew its position in Ally Financial by 53.9% during the first quarter. Causeway Capital Management LLC now owns 651,383 shares of the financial services provider’s stock valued at $23,756,000 after acquiring an additional 228,019 shares during the period. 88.76% of the stock is currently owned by hedge funds and other 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.