Ally Financial (NYSE:ALLY) Downgraded by BTIG Research to Sell

Ally Financial (NYSE:ALLY) was downgraded by stock analysts at BTIG Research from a “neutral” rating to a “sell” rating in a research note issued on Tuesday, Marketbeat reports. They presently have a $30.00 price objective on the financial services provider’s stock. BTIG Research’s price target suggests a potential downside of 20.85% from the stock’s previous close.

A number of other research firms have also recently issued reports on ALLY. JPMorgan Chase & Co. lifted their price target on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group boosted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Royal Bank of Canada raised their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Truist Financial upped their target price on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.53.

Ally Financial Trading Up 4.0 %

Shares of ALLY stock opened at $37.90 on Tuesday. The company has a market capitalization of $11.64 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.32 and a beta of 1.40. Ally Financial has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $37.05 and a 200 day moving average price of $36.35.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. Ally Financial’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts forecast that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson bought 19,100 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ally Financial

A number of large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. increased its holdings in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 496 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Ally Financial during the 4th quarter worth about $43,000. UMB Bank n.a. grew its stake in 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 buying an additional 1,061 shares during the last quarter. Brooklyn Investment Group bought a new position in Ally Financial in the 3rd quarter valued at about $63,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 595 shares during the period. Institutional investors own 88.76% of the company’s stock.

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.