Ally Financial Inc. (NYSE:ALLY) Given Consensus Recommendation of "Hold" by Analysts

Shares of Ally Financial Inc. (NYSE:ALLY - Get Free Report) have been given a consensus recommendation of "Hold" by the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.67.

A number of equities analysts have recently issued reports on ALLY shares. BTIG Research downgraded Ally Financial from a "buy" rating to a "neutral" rating in a research report on Monday, September 16th. StockNews.com upgraded Ally Financial from a "sell" rating to a "hold" rating in a research note on Saturday, October 19th. Citigroup raised their price target on Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Truist Financial began coverage on shares of Ally Financial in a research report on Tuesday. They issued a "buy" rating and a $42.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $40.00 to $42.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th.

Institutional Trading of Ally Financial

A number of hedge funds have recently added to or reduced their stakes in ALLY. Everence Capital Management Inc. purchased a new stake in shares of Ally Financial during the 4th quarter worth about $297,000. Franklin Resources Inc. boosted its position in Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after purchasing an additional 345,210 shares in the last quarter. Tidal Investments LLC grew its holdings in Ally Financial by 5.8% in the third quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider's stock valued at $925,000 after purchasing an additional 1,416 shares during the period. Sanctuary Advisors LLC increased its position in shares of Ally Financial by 26.1% in the third quarter. Sanctuary Advisors LLC now owns 22,516 shares of the financial services provider's stock valued at $852,000 after buying an additional 4,663 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Ally Financial during the 3rd quarter worth approximately $450,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Down 0.5 %

ALLY stock traded down $0.17 during trading on Thursday, reaching $35.61. 3,967,401 shares of the company traded hands, compared to its average volume of 3,003,290. The business has a 50 day simple moving average of $36.88 and a 200 day simple moving average of $38.15. Ally Financial has a 12 month low of $31.77 and a 12 month high of $45.46. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. On average, equities research analysts anticipate that Ally Financial will post 3 earnings per share for the current fiscal year.

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.