Ally Financial (NYSE:ALLY) Cut to Hold at Wall Street Zen

Ally Financial (NYSE:ALLY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other brokerages also recently commented on ALLY. JPMorgan Chase & Co. cut their price target on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Evercore restated an “outperform” rating and issued a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Bank of America lifted their price target on Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Truist Financial set a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group lifted their target price on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.14.

Ally Financial Stock Down 0.1%

Ally Financial stock opened at $42.71 on Monday. Ally Financial has a twelve month low of $35.71 and a twelve month high of $47.27. The firm has a 50 day moving average price of $42.37 and a 200-day moving average price of $42.14. The company has a market capitalization of $13.09 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.26 and a beta of 1.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The company’s revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. As a group, equities analysts predict that Ally Financial will post 5.28 EPS for the current year.

Insider Transactions at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the sale, the insider directly owned 93,927 shares in the company, valued at $3,958,083.78. The trade was a 5.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.46% of the company’s stock.

Institutional Trading of Ally Financial

Several institutional investors have recently added to or reduced their stakes in ALLY. SJS Investment Consulting Inc. raised its position in Ally Financial by 30.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after buying an additional 240 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Ally Financial by 3.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 243 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Ally Financial by 31.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 252 shares during the period. Sweeney & Michel LLC grew its stake in shares of Ally Financial by 4.0% in the third quarter. Sweeney & Michel LLC now owns 6,663 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 256 shares during the period. Finally, Triumph Capital Management grew its stake in shares of Ally Financial by 9.2% in the fourth quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 265 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.