Ally Financial (NYSE:ALLY) Stock Rating Lowered by BTIG Research

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

Several other research firms have also issued reports on ALLY. Barclays increased their target price on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Jefferies Financial Group increased their price objective 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. The Goldman Sachs Group boosted their target price on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada increased their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.53.

Ally Financial Price Performance

NYSE:ALLY opened at $37.90 on Tuesday. Ally Financial has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50-day simple moving average is $37.05 and its 200 day simple moving average is $36.35. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. As a group, sell-side analysts predict that Ally Financial will post 3.57 earnings per share for the current year.

Insider Transactions at Ally Financial

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

Institutional Trading of Ally Financial

A number of institutional investors and hedge funds have recently bought and sold shares of ALLY. Pathstone Holdings LLC grew its position in shares of Ally Financial by 127.0% in the 3rd quarter. Pathstone Holdings LLC now owns 59,741 shares of the financial services provider’s stock valued at $2,126,000 after buying an additional 33,420 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Ally Financial by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 32,174 shares of the financial services provider’s stock valued at $1,145,000 after acquiring an additional 598 shares during the last quarter. Intech Investment Management LLC increased its position in Ally Financial by 50.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,001 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 5,387 shares during the period. Landscape Capital Management L.L.C. bought a new position in Ally Financial during the 3rd quarter worth approximately $250,000. Finally, Citigroup Inc. lifted its position in shares of Ally Financial by 22.3% in the 3rd quarter. Citigroup Inc. now owns 242,602 shares of the financial services provider’s stock worth $8,634,000 after purchasing an additional 44,314 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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.