Ally Financial (NYSE:ALLY) Rating Lowered to Buy at BidaskClub

BidaskClub cut shares of Ally Financial (NYSE:ALLY) from a strong-buy rating to a buy rating in a research note issued to investors on Friday, November 10th.

ALLY has been the topic of a number of other research reports. Credit Suisse Group lifted their price objective on shares of Ally Financial from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Thursday, October 26th. Piper Jaffray Companies reissued a buy rating on shares of Ally Financial in a research report on Wednesday, October 4th. Stephens cut shares of Ally Financial from an equal weight rating to an underweight rating and decreased their price objective for the company from $23.00 to $20.00 in a research note on Monday, July 17th. TheStreet upgraded shares of Ally Financial from a c rating to a b- rating in a research note on Wednesday, July 19th. Finally, BTIG Research restated a buy rating and set a $30.00 price objective on shares of Ally Financial in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $26.93.

Ally Financial (NYSE ALLY) traded up $0.15 during mid-day trading on Friday, reaching $26.66. 2,730,600 shares of the company’s stock traded hands, compared to its average volume of 4,300,096. The company has a market capitalization of $11,790.00, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.33 and a beta of 1.46. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial has a fifty-two week low of $18.11 and a fifty-two week high of $27.09.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same quarter last year, the business posted $0.56 EPS. research analysts anticipate that Ally Financial will post 2.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, October 31st. Ally Financial’s dividend payout ratio is currently 22.33%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tiedemann Wealth Management LLC lifted its position in Ally Financial by 70.4% in the third quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock valued at $110,000 after buying an additional 8,332 shares during the last quarter. Toronto Dominion Bank lifted its position in Ally Financial by 23.0% in the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after buying an additional 1,070 shares during the last quarter. Capital Management Associates NY acquired a new position in Ally Financial in the third quarter valued at about $203,000. Capstone Asset Management Co. acquired a new stake in shares of Ally Financial during the second quarter worth about $208,000. Finally, Twin Tree Management LP acquired a new stake in shares of Ally Financial during the second quarter worth about $215,000.

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Ally Financial Company Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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