Ally Financial (NYSE:ALLY) Lowered to “Sell” Rating by BTIG Research

BTIG Research cut shares of Ally Financial (NYSE:ALLY) from a neutral rating to a sell rating in a research note published on Tuesday morning, Marketbeat reports. The brokerage currently has $30.00 target price on the financial services provider’s stock.

A number of other analysts have also commented on ALLY. JPMorgan Chase & Co. lifted their price target on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Truist Financial raised their target price on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Morgan Stanley increased their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Finally, StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Hold” and an average price target of $42.53.

Ally Financial Trading Up 1.5 %

Shares of Ally Financial stock opened at $37.34 on Tuesday. The company has a market capitalization of $11.47 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The stock has a fifty day simple moving average of $37.08 and a 200 day simple moving average of $36.34. Ally Financial has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

Insider Buying and Selling at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Ally Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Ally Financial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider’s stock worth $1,017,360,000 after buying an additional 111,231 shares during the period. State Street Corp increased its position in shares of Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after acquiring an additional 51,426 shares during the period. Geode Capital Management LLC raised its stake in shares of Ally Financial by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider’s stock valued at $175,990,000 after acquiring an additional 184,278 shares during the last quarter. First Manhattan CO. LLC. boosted its holdings in shares of Ally Financial by 4.8% during the fourth quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider’s stock worth $153,752,000 after purchasing an additional 192,295 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ally Financial by 84.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider’s stock worth $151,320,000 after purchasing an additional 1,918,965 shares during the period. Institutional investors own 88.76% of the company’s stock.

About Ally Financial

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.