Ally Financial (NYSE:ALLY) Rating Increased to Hold at Wall Street Zen

Ally Financial (NYSE:ALLY - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

A number of other analysts also recently issued reports on the company. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Truist Financial decreased their price target on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America decreased their price objective on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Ally Financial presently has a consensus rating of "Hold" and an average target price of $41.69.

Ally Financial Stock Down 0.0%

Shares of NYSE ALLY opened at $33.92 on Friday. Ally Financial has a one year low of $29.52 and a one year high of $45.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The business's fifty day moving average price is $33.99 and its 200-day moving average price is $35.97. The stock has a market capitalization of $10.42 billion, a PE ratio of 13.05, a P/E/G ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter in the prior year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that Ally Financial will post 3.57 EPS for the current year.

Insider Buying and Selling at Ally Financial

In related news, CFO Russell E. Hutchinson bought 8,200 shares of the company's stock in a transaction dated Tuesday, April 22nd. The stock was purchased at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer now owns 236,421 shares in the company, valued at $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider now directly owns 90,387 shares of the company's stock, valued at $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund lifted its holdings in shares of Ally Financial by 11.6% in the 4th quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider's stock valued at $6,829,000 after buying an additional 19,785 shares during the period. Kestra Private Wealth Services LLC grew its position in Ally Financial by 16.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider's stock worth $5,327,000 after acquiring an additional 20,569 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Ally Financial by 12.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,215 shares of the financial services provider's stock worth $800,000 after purchasing an additional 2,400 shares in the last quarter. GFS Advisors LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at $238,000. Finally, Van ECK Associates Corp acquired a new stake in shares of Ally Financial in the fourth quarter valued at $85,000. 88.76% of the stock is currently owned by hedge funds and other 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.

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