Ally Financial (NYSE:ALLY) Downgraded by BTIG Research

Ally Financial (NYSE:ALLY) was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating in a report issued on Monday, Marketbeat reports.

A number of other research firms also recently commented on ALLY. Royal Bank of Canada reduced their target price on Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday. Citigroup started coverage on shares of Ally Financial in a report on Monday, June 24th. They issued a “buy” rating and a $50.00 price objective on the stock. Keefe, Bruyette & Woods increased their target price on shares of Ally Financial from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. Finally, JPMorgan Chase & Co. raised shares of Ally Financial from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $39.00 to $45.00 in a research report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Ally Financial has an average rating of “Hold” and an average price target of $41.41.

Ally Financial Trading Up 0.4 %

Shares of ALLY opened at $32.97 on Monday. Ally Financial has a 12-month low of $22.54 and a 12-month high of $45.46. The firm has a market capitalization of $10.02 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.32 and a beta of 1.40. The firm has a 50-day moving average price of $41.30 and a 200 day moving average price of $39.75. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.33. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. Sell-side analysts forecast that Ally Financial will post 3.51 EPS for the current year.

Institutional Trading of Ally Financial

A number of institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 526 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Ally Financial during the 1st quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in shares of Ally Financial in the 1st quarter valued at $32,000. Quarry LP grew its position in shares of Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after buying an additional 598 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC raised its stake in Ally Financial by 571.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 789 shares in the last quarter. 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.