Ally Financial (NYSE:ALLY) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Ally Financial (NYSE:ALLY) from a buy rating to a hold rating in a research report released on Thursday morning.

Other analysts also recently issued research reports about the company. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Truist Financial began coverage on shares of Ally Financial in a report on Tuesday, January 7th. They issued a “buy” rating and a $42.00 price objective on the stock. Wells Fargo & Company lowered their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Thursday, September 26th. Keefe, Bruyette & Woods upped their price target on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.47.

Ally Financial Trading Down 2.7 %

Shares of ALLY opened at $39.03 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial has a 12-month low of $31.95 and a 12-month high of $45.46. The firm has a market capitalization of $11.89 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The stock’s fifty day simple moving average is $37.06 and its 200-day simple moving average is $37.94.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2,021,808.41 billion. During the same period last year, the company earned $0.45 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, research analysts predict that Ally Financial will post 3.91 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

Institutional Investors Weigh In On Ally Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. Venturi Wealth Management LLC grew its stake in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the last quarter. Allworth Financial LP increased its position in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after buying an additional 421 shares during the period. UMB Bank n.a. raised its position in shares of 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 worth $56,000 after acquiring an additional 1,061 shares in the last quarter. Quarry LP lifted its stake in Ally Financial by 311.4% in the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,143 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Ally Financial during the 3rd quarter valued at $63,000. 88.76% of the stock is currently 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.