Bleakley Financial Group LLC Invests $201,000 in Ally Financial Inc. (NYSE:ALLY)

Bleakley Financial Group LLC acquired a new position in Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,748 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other large investors have also recently modified their holdings of ALLY. Roundview Capital LLC purchased a new position in shares of Ally Financial in the first quarter worth about $242,000. Cetera Advisor Networks LLC purchased a new position in Ally Financial during the 1st quarter valued at about $214,000. D.A. Davidson & CO. purchased a new position in Ally Financial during the 1st quarter valued at about $261,000. MetLife Investment Management LLC purchased a new position in Ally Financial during the 1st quarter valued at about $294,000. Finally, Rhumbline Advisers increased its holdings in Ally Financial by 1.4% during the 1st quarter. Rhumbline Advisers now owns 291,312 shares of the financial services provider’s stock valued at $12,666,000 after purchasing an additional 4,099 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ALLY. Evercore ISI boosted their price target on Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.00 to $46.00 in a report on Tuesday, April 9th. Morgan Stanley raised Ally Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $47.00 in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on Ally Financial in a research report on Wednesday, January 10th. They set a “buy” rating and a $47.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday, January 23rd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.59.

Ally Financial Stock Performance

Shares of ALLY opened at $35.95 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average price is $37.58 and its 200-day moving average price is $32.76. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.56. The stock has a market cap of $10.93 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.54 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. During the same period in the previous year, the firm posted $1.08 EPS. Equities research analysts anticipate that Ally Financial Inc. will post 2.94 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.