BTIG Research Lowers Ally Financial (NYSE:ALLY) to Neutral

Ally Financial (NYSE:ALLY - Get Free Report) was downgraded by analysts at BTIG Research from a "buy" rating to a "neutral" rating in a note issued to investors on Monday, MarketBeat Ratings reports.

Other research analysts have also recently issued reports about the stock. Barclays decreased their price objective on shares of Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday. Wells Fargo & Company raised their price target on shares of Ally Financial from $33.00 to $37.00 and gave the company an "underweight" rating in a research note on Thursday, July 18th. Evercore ISI increased their target price on shares of Ally Financial from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Tuesday, June 25th. Citigroup initiated coverage on Ally Financial in a research note on Monday, June 24th. They issued a "buy" rating and a $50.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of Ally Financial from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $41.41.

Ally Financial Stock Up 0.2 %

NYSE:ALLY traded up $0.08 during trading hours on Monday, reaching $33.05. 5,513,855 shares of the stock were exchanged, compared to its average volume of 3,441,434. 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 twelve month low of $22.54 and a twelve month high of $45.46. The stock has a market cap of $10.05 billion, a PE ratio of 13.46, a PEG ratio of 0.32 and a beta of 1.40. The firm has a 50 day moving average of $41.30 and a 200 day moving average of $39.75.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. Ally Financial's quarterly revenue was down 3.8% on a year-over-year basis. On average, equities analysts expect that Ally Financial will post 3.51 earnings per share for the current year.

Hedge Funds Weigh In On Ally Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Ally Financial by 245.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider's stock worth $24,687,000 after buying an additional 432,350 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Ally Financial by 18.7% in the 4th quarter. Allianz Asset Management GmbH now owns 1,662,075 shares of the financial services provider's stock worth $58,040,000 after buying an additional 261,897 shares in the last quarter. OLD National Bancorp IN increased its stake in Ally Financial by 3.8% during the second quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider's stock worth $34,933,000 after acquiring an additional 32,478 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Ally Financial by 15.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider's stock valued at $14,988,000 after buying an additional 49,539 shares during the period. Finally, Banque Cantonale Vaudoise boosted its stake in shares of Ally Financial by 309.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 99,315 shares of the financial services provider's stock worth $4,031,000 after purchasing an additional 75,063 shares during the period. 88.76% of the stock is currently owned by 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.