Ally Financial (NYSE:ALLY) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Ally Financial (NYSE:ALLY) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Ally Financial from a neutral rating to an overweight rating and reduced their price target for the stock from $46.00 to $40.00 in a research report on Monday, October 7th. TD Cowen reduced their target price on Ally Financial from $45.00 to $37.00 and set a hold rating on the stock in a report on Monday, September 23rd. Barclays lowered their price target on Ally Financial from $44.00 to $36.00 and set an equal weight rating for the company in a report on Thursday, September 12th. Bank of America reduced their price objective on Ally Financial from $46.00 to $37.00 and set a buy rating on the stock in a research note on Wednesday, September 11th. Finally, Keefe, Bruyette & Woods lowered their target price on Ally Financial from $50.00 to $44.00 and set an outperform rating for the company in a research note on Monday, September 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $40.63.

Ally Financial Trading Up 0.3 %

Shares of ALLY stock opened at $35.78 on Friday. The stock has a 50 day simple moving average of $38.00 and a 200 day simple moving average of $39.24. Ally Financial has a 1 year low of $22.54 and a 1 year high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. The stock has a market cap of $10.88 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. Ally Financial’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. On average, research analysts predict that Ally Financial will post 2.87 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. Quarry LP increased its holdings in Ally Financial by 165.7% during the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 598 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Ally Financial by 46.7% during the 4th quarter. V Square Quantitative Management LLC now owns 3,498 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,114 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Ally Financial by 6.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 86,150 shares of the financial services provider’s stock worth $3,008,000 after acquiring an additional 5,550 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Ally Financial by 17.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 27,613 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 4,021 shares in the last quarter. Finally, Trust Co. of Toledo NA OH raised its holdings in shares of Ally Financial by 1.7% in the first quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 287 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

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.