Ally Financial (NYSE:ALLY) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat reports.

ALLY has been the topic of several other research reports. Wells Fargo & Co began coverage on shares of Ally Financial in a report on Friday, December 1st. They issued an “outperform” rating and a $30.00 price target on the stock. BidaskClub raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. ValuEngine raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Barclays boosted their price objective on shares of Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Ally Financial presently has an average rating of “Buy” and an average target price of $30.88.

Shares of Ally Financial (NYSE:ALLY) opened at $30.53 on Friday. Ally Financial has a fifty-two week low of $18.11 and a fifty-two week high of $30.65. The stock has a market cap of $13,499.94, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.46. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. equities research analysts expect that Ally Financial will post 2.28 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. QS Investors LLC increased its position in Ally Financial by 0.7% during the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 74 shares during the last quarter. Pacer Advisors Inc. increased its position in Ally Financial by 8.3% during the second quarter. Pacer Advisors Inc. now owns 11,614 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 886 shares during the last quarter. Toronto Dominion Bank increased its position in Ally Financial by 23.0% during the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,070 shares during the last quarter. Advantage Investment Management LLC increased its position in Ally Financial by 11.5% during the third quarter. Advantage Investment Management LLC now owns 19,180 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 1,975 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Ally Financial by 14.6% during the third quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,300 shares during the last quarter.

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Ally Financial Company Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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