StockNews.com Downgrades Ally Financial (NYSE:ALLY) to Sell

Ally Financial (NYSE:ALLY) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other analysts have also issued research reports about the stock. Royal Bank of Canada reduced their price target on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. BTIG Research lowered Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Bank of America dropped their price objective on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $46.00 to $40.00 in a research report on Monday, October 7th. Finally, Evercore ISI dropped their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.63.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $35.66 on Friday. The business has a fifty day moving average price of $38.07 and a two-hundred day moving average price of $39.28. The stock has a market capitalization of $10.84 billion, a PE ratio of 15.37, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. Ally Financial has a fifty-two week low of $22.54 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.33. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. Ally Financial’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. As a group, equities analysts predict that Ally Financial will post 2.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ALLY. Dimensional Fund Advisors LP lifted its holdings in Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after buying an additional 987,489 shares during the period. Boston Partners bought a new stake in shares of Ally Financial during the 1st quarter valued at about $152,079,000. Bank of New York Mellon Corp grew its stake in Ally Financial by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock worth $146,670,000 after purchasing an additional 31,491 shares during the period. Donald Smith & CO. Inc. grew its stake in Ally Financial by 0.8% during the first quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock worth $112,616,000 after purchasing an additional 21,657 shares during the period. Finally, ANTIPODES PARTNERS Ltd lifted its stake in Ally Financial by 90.9% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,529,093 shares of the financial services provider’s stock valued at $62,066,000 after buying an additional 727,966 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

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.