Ally Financial (NYSE:ALLY) Upgraded to Neutral at BTIG Research

BTIG Research upgraded shares of Ally Financial (NYSE:ALLY - Free Report) from a sell rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports.

ALLY has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday. Bank of America lowered their target price on shares of 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 upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $37.00 to $41.00 in a report on Monday, April 7th. The Goldman Sachs Group increased their target price 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, Wells Fargo & Company lowered their target price on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $42.67.

Ally Financial Trading Down 3.9%

ALLY traded down $1.59 during trading on Monday, reaching $39.06. 2,981,816 shares of the company's stock were exchanged, compared to its average volume of 3,781,264. Ally Financial has a one year low of $29.52 and a one year high of $45.46. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $12.00 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 0.38 and a beta of 1.15. The firm has a fifty day moving average price of $36.95 and a two-hundred day moving average price of $36.04.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm posted $0.45 EPS. As a group, equities research analysts forecast that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Insider Buying and Selling

In other Ally Financial news, CFO Russell E. Hutchinson purchased 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the purchase, the chief financial officer directly owned 236,421 shares of the company's stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the insider owned 90,387 shares of the company's stock, valued at $2,905,038.18. The trade was a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Institutional Trading of Ally Financial

Several hedge funds have recently modified their holdings of ALLY. GAMMA Investing LLC raised its holdings in Ally Financial by 46.3% during the 2nd quarter. GAMMA Investing LLC now owns 4,821 shares of the financial services provider's stock valued at $188,000 after buying an additional 1,526 shares during the period. Sweeney & Michel LLC purchased a new stake in Ally Financial during the 2nd quarter valued at $259,000. BTC Capital Management Inc. raised its holdings in Ally Financial by 53.3% during the 2nd quarter. BTC Capital Management Inc. now owns 19,583 shares of the financial services provider's stock valued at $763,000 after buying an additional 6,812 shares during the period. Diversified Trust Co purchased a new stake in Ally Financial during the 2nd quarter valued at $902,000. Finally, Assenagon Asset Management S.A. raised its holdings in Ally Financial by 6,675.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,243,773 shares of the financial services provider's stock valued at $48,445,000 after buying an additional 1,225,415 shares during the period. 88.76% of the stock is 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.