Ally Financial (NYSE:ALLY) Raised to “Buy” at StockNews.com

Ally Financial (NYSE:ALLY) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

ALLY has been the topic of a number of other reports. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. Citigroup increased their price objective on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays lifted their target price on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.53.

Ally Financial Trading Up 5.0 %

Shares of NYSE ALLY traded up $1.77 during midday trading on Wednesday, hitting $37.09. The company’s stock had a trading volume of 2,819,240 shares, compared to its average volume of 2,713,466. Ally Financial has a 12-month low of $31.77 and a 12-month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market cap of $11.30 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44. The business’s 50 day moving average is $36.89 and its two-hundred day moving average is $38.02.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.38. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. As a group, equities research analysts expect that Ally Financial will post 3 EPS for the current year.

Institutional Trading of Ally Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC increased its position in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after buying an additional 577 shares in the last quarter. Allworth Financial LP grew its stake 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 acquiring an additional 421 shares during the last quarter. Quarry LP raised its position in shares of Ally Financial by 311.4% in the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,143 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Ally Financial in the 3rd quarter worth approximately $63,000. Finally, Abich Financial Wealth Management LLC grew its position in Ally Financial by 12,535.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,527 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 2,507 shares during the last quarter. Hedge funds and other 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.