Ally Financial (NYSE:ALLY) Stock Rating Upgraded by Compass Point

Ally Financial (NYSE:ALLY) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a $41.00 target price on the financial services provider’s stock, up from their previous target price of $37.00. Compass Point’s price target points to a potential upside of 27.50% from the company’s current price.

A number of other equities research analysts have also weighed in on ALLY. StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Jefferies Financial Group increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Finally, Barclays raised their target price on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.76.

Ally Financial Trading Down 2.6 %

Shares of NYSE:ALLY opened at $32.16 on Monday. 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 $30.00 and a 1 year high of $45.46. The company has a market cap of $9.88 billion, a P/E ratio of 12.37, a PEG ratio of 0.32 and a beta of 1.12. The stock’s fifty day moving average price is $36.72 and its 200-day moving average price is $36.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm posted $0.45 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that Ally Financial will post 3.57 earnings per share for the current year.

Insider Transactions at Ally Financial

In related news, CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the purchase, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Oak Thistle LLC purchased a new position in shares of Ally Financial during the 4th quarter worth about $1,112,000. State Street Corp lifted its stake in Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after purchasing an additional 51,426 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Ally Financial during the fourth quarter valued at approximately $461,000. Franklin Resources Inc. raised its holdings in shares of Ally Financial by 184.7% in the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock worth $19,044,000 after buying an additional 345,210 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Ally Financial by 11.6% during the 4th quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider’s stock worth $6,829,000 after acquiring an additional 19,785 shares during the last quarter. Institutional investors 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.