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

StockNews.com upgraded shares of Ally Financial (NYSE:ALLY) from a hold rating to a buy rating in a report published on Wednesday morning.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods upped their target price on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Wolfe Research cut shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Morgan Stanley lifted their target price on shares of Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Citigroup increased their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Ally Financial presently has a consensus rating of “Hold” and an average price target of $42.53.

Ally Financial Stock Down 1.1 %

ALLY stock opened at $36.96 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The company’s 50-day moving average price is $36.85 and its 200 day moving average price is $37.99. Ally Financial has a 52 week low of $31.77 and a 52 week high of $45.46. The company has a market cap of $11.26 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.33 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts expect that Ally Financial will post 2.95 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.25%. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. American Century Companies Inc. increased its position in Ally Financial by 12.8% during the second quarter. American Century Companies Inc. now owns 459,945 shares of the financial services provider’s stock worth $18,246,000 after purchasing an additional 52,111 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Ally Financial by 36.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 81,592 shares of the financial services provider’s stock worth $3,237,000 after buying an additional 21,622 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Ally Financial by 5.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 110,467 shares of the financial services provider’s stock worth $4,382,000 after buying an additional 5,613 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Ally Financial by 8.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,664 shares of the financial services provider’s stock valued at $1,653,000 after acquiring an additional 3,096 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Ally Financial by 9.5% during the second quarter. Hsbc Holdings PLC now owns 815,383 shares of the financial services provider’s stock valued at $32,369,000 after acquiring an additional 70,407 shares during the period. 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.