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

Ally Financial (NYSE:ALLY) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities research analysts have also recently weighed in on ALLY. Barclays boosted their price objective on Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Wells Fargo & Company upped their price target on Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 10th. Evercore ISI upped their price target on Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. Finally, Raymond James cut Ally Financial from a “market perform” rating to an “underperform” rating in a research note on Friday, January 5th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $37.59.

Ally Financial Stock Up 0.9 %

ALLY traded up $0.31 on Wednesday, reaching $36.27. The company’s stock had a trading volume of 4,402,482 shares, compared to its average volume of 3,910,163. The stock has a 50 day moving average of $37.60 and a two-hundred day moving average of $32.78. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.54 and a beta of 1.40. Ally Financial has a fifty-two week low of $22.54 and a fifty-two week high of $41.56.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. During the same period in the prior year, the company posted $1.08 earnings per share. As a group, analysts forecast that Ally Financial will post 2.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Ally Financial

Hedge funds have recently modified their holdings of the stock. NBC Securities Inc. acquired a new stake in Ally Financial during the 3rd quarter valued at approximately $26,000. Salem Investment Counselors Inc. grew its stake in Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 345 shares in the last quarter. PCA Investment Advisory Services Inc. acquired a new stake in Ally Financial during the 2nd quarter valued at approximately $30,000. Northwest Financial Advisors acquired a new stake in Ally Financial during the 4th quarter valued at approximately $31,000. Finally, Rise Advisors LLC acquired a new stake in Ally Financial during the 1st quarter valued at approximately $32,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

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.