Ally Financial (NYSE:ALLY) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Ally Financial Inc. (NYSE:ALLY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.29 and traded as low as $35.59. Ally Financial shares last traded at $35.76, with a volume of 2,466,043 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on ALLY shares. Citigroup boosted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Morgan Stanley lifted their target price on shares of Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Finally, Evercore ISI cut their price target on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.14.

Ally Financial Stock Performance

The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. The firm has a fifty day moving average of $36.81 and a 200 day moving average of $38.29. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.30 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.36%. Ally Financial’s payout ratio is 48.00%.

Institutional Trading of Ally Financial

Several institutional investors have recently bought and sold shares of ALLY. Allspring Global Investments Holdings LLC lifted its stake in Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after buying an additional 526 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Ally Financial by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 77,941 shares of the financial services provider’s stock worth $3,092,000 after purchasing an additional 3,070 shares in the last quarter. Natixis Advisors LLC raised its stake in Ally Financial by 9.8% in the 2nd quarter. Natixis Advisors LLC now owns 31,641 shares of the financial services provider’s stock valued at $1,255,000 after purchasing an additional 2,828 shares during the last quarter. Impact Partnership Wealth LLC lifted its holdings in Ally Financial by 29,177.8% in the 2nd quarter. Impact Partnership Wealth LLC now owns 10,540 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 10,504 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Ally Financial by 1,764.8% during the 2nd quarter. National Bank of Canada FI now owns 32,541 shares of the financial services provider’s stock worth $1,278,000 after purchasing an additional 30,796 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

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.