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

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

Other analysts have also recently issued reports about the stock. Barclays decreased their price target on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Bank of America decreased their target price on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. TD Cowen dropped their price target on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Morgan Stanley reduced their price objective on Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Ally Financial presently has an average rating of “Hold” and a consensus target price of $40.38.

Ally Financial Trading Up 0.2 %

NYSE ALLY opened at $34.73 on Friday. The firm’s 50 day moving average price is $37.38 and its two-hundred day moving average price is $39.07. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. Ally Financial has a twelve month low of $22.54 and a twelve month high of $45.46. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.42 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. Ally Financial’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. Equities analysts anticipate that Ally Financial will post 2.87 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Friday, November 1st. Ally Financial’s dividend payout ratio is 48.98%.

Institutional Investors Weigh In On Ally Financial

Several hedge funds and other institutional investors have recently made changes to their positions in ALLY. Dimensional Fund Advisors LP boosted its stake in Ally Financial by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after purchasing an additional 987,489 shares during the period. Boston Partners acquired a new stake in shares of Ally Financial in the first quarter worth $152,079,000. Bank of New York Mellon Corp grew its stake in shares of Ally Financial by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock worth $146,670,000 after acquiring an additional 31,491 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Ally Financial by 0.8% during the first quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock worth $112,616,000 after acquiring an additional 21,657 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its holdings in Ally Financial by 90.9% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,529,093 shares of the financial services provider’s stock valued at $62,066,000 after purchasing an additional 727,966 shares during the period. 88.76% of the stock is 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.