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

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

Several other brokerages have also recently weighed in on ALLY. Bank of America dropped their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and upped their price target for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Morgan Stanley dropped their price target on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. The Goldman Sachs Group lifted their price target on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Finally, Truist Financial reduced their price objective on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.69.

Ally Financial Price Performance

Shares of NYSE:ALLY traded up $0.13 on Friday, hitting $34.91. The company's stock had a trading volume of 3,649,461 shares, compared to its average volume of 3,588,412. The company has a 50-day simple moving average of $33.87 and a 200 day simple moving average of $35.89. The company has a market capitalization of $10.72 billion, a PE ratio of 13.43, a PEG ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial has a 1 year low of $29.52 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the business earned $0.45 earnings per share. Sell-side analysts forecast that Ally Financial will post 3.57 EPS for the current fiscal year.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the company'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 transaction, the insider now directly owns 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, with a total value of $252,642.00. Following the acquisition, the chief financial officer now owns 236,421 shares in the company, valued at approximately $7,284,131.01. This represents a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ally Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Avenue Securities LLC purchased a new position in shares of Ally Financial during the fourth quarter valued at approximately $230,000. HB Wealth Management LLC purchased a new stake in Ally Financial during the 4th quarter valued at $227,000. UMB Bank n.a. lifted its holdings in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,061 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Ally Financial by 55.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider's stock valued at $170,000 after acquiring an additional 1,690 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its holdings in shares of Ally Financial by 73.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,326 shares of the financial services provider's stock worth $516,000 after buying an additional 6,065 shares during the last quarter. 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.