Ally Financial (NYSE:ALLY) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Ally Financial has received a "hold (C+)" rating from Weiss Ratings, reflecting a cautious outlook on its stock performance.
• The average analyst rating for Ally Financial is "Moderate Buy" with a consensus target price of $45.14, alongside mixed revisions from various financial analysts.
• Shares of Ally Financial recently traded at $40.23, with a market capitalization of $12.38 billion and notable trading volume of nearly 2 million shares.

Ally Financial (NYSE:ALLY - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

A number of other analysts have also recently commented on the company. Morgan Stanley lifted their target price on Ally Financial from $47.00 to $52.00 and gave the stock an "overweight" rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods dropped their price target on Ally Financial from $56.00 to $51.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their target price on Ally Financial from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Truist Financial upped their target price on Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.14.

Ally Financial Price Performance

Shares of NYSE:ALLY traded up $2.36 during midday trading on Tuesday, hitting $40.23. The company had a trading volume of 1,992,542 shares, compared to its average volume of 3,798,470. The business's 50-day simple moving average is $40.22 and its 200-day simple moving average is $37.41. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 0.29 and a beta of 1.18. Ally Financial has a twelve month low of $29.52 and a twelve month high of $44.83.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The company had revenue of $2.06 billion during the quarter. On average, research analysts predict that Ally Financial will post 3.57 earnings per share for the current year.

Hedge Funds Weigh In On Ally Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fulton Bank N.A. boosted its stake in shares of Ally Financial by 1.3% during the 2nd quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider's stock valued at $775,000 after buying an additional 260 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Ally Financial by 0.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider's stock valued at $1,472,000 after purchasing an additional 300 shares in the last quarter. MAI Capital Management raised its holdings in Ally Financial by 45.1% in the 2nd quarter. MAI Capital Management now owns 975 shares of the financial services provider's stock worth $38,000 after acquiring an additional 303 shares during the period. Econ Financial Services Corp increased its holdings in shares of Ally Financial by 0.5% during the 2nd quarter. Econ Financial Services Corp now owns 59,993 shares of the financial services provider's stock worth $2,337,000 after purchasing an additional 311 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Ally Financial by 0.3% during the 2nd quarter. Amalgamated Bank now owns 126,980 shares of the financial services provider's stock worth $4,946,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

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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