JPMorgan Chase & Co. Lowers Ally Financial (ALLY) to Neutral

JPMorgan Chase & Co. lowered shares of Ally Financial (NYSE:ALLY) from an overweight rating to a neutral rating in a report issued on Friday morning, MarketBeat reports.

Several other analysts also recently issued reports on the company. Jefferies Group reissued a buy rating and issued a $35.00 price target on shares of Ally Financial in a research note on Thursday. Oppenheimer began coverage on Ally Financial in a research note on Monday, January 8th. They issued a buy rating and a $38.00 price target on the stock. Stephens set a $27.00 price target on Ally Financial and gave the company a sell rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised Ally Financial from a hold rating to a buy rating and set a $33.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, Barclays lifted their price target on Ally Financial from $26.00 to $36.00 and gave the company an overweight rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Ally Financial presently has a consensus rating of Buy and a consensus target price of $30.88.

Ally Financial (NYSE ALLY) traded up $0.03 on Friday, hitting $30.53. The company’s stock had a trading volume of 3,730,000 shares, compared to its average volume of 3,770,000. Ally Financial has a 1 year low of $18.11 and a 1 year high of $30.65. The firm has a market cap of $13,500.00, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.46. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $0.56 EPS. research analysts expect that Ally Financial will post 2.28 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in shares of Ally Financial by 32.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 73,267 shares of the financial services provider’s stock valued at $2,136,000 after acquiring an additional 17,814 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Ally Financial by 8.2% during the third quarter. Public Employees Retirement System of Ohio now owns 196,023 shares of the financial services provider’s stock worth $4,756,000 after buying an additional 14,834 shares during the last quarter. Independent Advisor Alliance acquired a new position in Ally Financial during the third quarter worth approximately $342,000. Sterling Capital Management LLC increased its position in Ally Financial by 14.6% during the third quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock worth $437,000 after buying an additional 2,300 shares during the last quarter. Finally, First Heartland Consultants Inc. increased its position in Ally Financial by 7.1% during the third quarter. First Heartland Consultants Inc. now owns 53,181 shares of the financial services provider’s stock worth $1,290,000 after buying an additional 3,513 shares during the last quarter.

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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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