Ally Financial (NYSE:ALLY) Stock Bumped Down to Strong Sell by Zacks Research

Ally Financial (NYSE:ALLY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

A number of other brokerages also recently issued reports on ALLY. UBS Group lowered their price target on shares of Ally Financial from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Royal Bank Of Canada cut their price objective on shares of Ally Financial from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. TD Cowen reduced their price objective on shares of Ally Financial from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ally Financial in a report on Friday, September 18th. Finally, Raymond James Financial decreased their target price on shares of Ally Financial from $55.00 to $52.00 and set a “strong-buy” rating on the stock in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

Ally Financial Stock Performance

NYSE:ALLY opened at $36.68 on Tuesday. The business’s fifty day moving average is $41.06 and its 200 day moving average is $42.71. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.23 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial has a 52-week low of $35.92 and a 52-week high of $47.29.

Ally Financial (NYSE:ALLY) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Research analysts predict that Ally Financial will post 5.00 EPS for the current year.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie Richard sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the transaction, the insider owned 88,927 shares of the company’s stock, valued at $3,933,241.21. The trade was a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Ally Financial

Several institutional investors and hedge funds have recently made changes to their positions in ALLY. Trust Co. of Vermont bought a new position in shares of Ally Financial in the second quarter worth approximately $36,000. Elevation Wealth Partners LLC raised its holdings in Ally Financial by 92.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,005 shares of the financial services provider’s stock valued at $38,000 after buying an additional 482 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after buying an additional 240 shares during the last quarter. Mather Group LLC. raised its holdings in Ally Financial by 54.4% during the 3rd quarter. Mather Group LLC. now owns 1,192 shares of the financial services provider’s stock valued at $45,000 after buying an additional 420 shares during the last quarter. Finally, First Community Trust NA purchased a new stake in Ally Financial during the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Company Profile

Ally Financial Inc (NYSE:ALLY) is a digital financial-services company headquartered in Detroit, Michigan. Its principal businesses include automotive financing, consumer banking, commercial finance and other lending services, primarily serving customers and businesses in the United States.

Through Ally Auto, the company provides retail installment loans and leases for new and used vehicles, along with financing and related services for automotive dealers. Ally Bank offers online checking and savings accounts, money market accounts, certificates of deposit and other deposit products.