Ally Financial Inc (NYSE:ALLY) – Investment analysts at Piper Jaffray Companies upped their Q3 2019 earnings per share (EPS) estimates for Ally Financial in a report issued on Monday, September 9th. Piper Jaffray Companies analyst K. Barker now anticipates that the financial services provider will earn $1.01 per share for the quarter, up from their prior forecast of $1.00. Piper Jaffray Companies has a “Buy” rating and a $41.00 price target on the stock. Piper Jaffray Companies also issued estimates for Ally Financial’s FY2019 earnings at $3.83 EPS, Q3 2020 earnings at $1.20 EPS, Q4 2020 earnings at $1.29 EPS and FY2020 earnings at $4.57 EPS.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research report on Tuesday, July 2nd. Barclays boosted their price objective on Ally Financial from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday. BTIG Research boosted their price objective on Ally Financial to $39.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Nomura boosted their price objective on Ally Financial from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Ally Financial in a research report on Sunday, July 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $37.00.
NYSE ALLY opened at $35.05 on Wednesday. Ally Financial has a twelve month low of $20.60 and a twelve month high of $35.40. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $13.35 billion, a PE ratio of 10.49, a P/E/G ratio of 0.68 and a beta of 1.31. The stock has a 50-day simple moving average of $31.88 and a 200 day simple moving average of $29.90.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. Ally Financial had a return on equity of 10.89% and a net margin of 26.59%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm earned $0.83 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.68 annualized dividend and a yield of 1.94%. Ally Financial’s dividend payout ratio is 20.36%.
In related news, insider Diane E. Morais sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the transaction, the insider now directly owns 220,048 shares in the company, valued at $7,338,600.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $31.32, for a total value of $69,593.04. Following the transaction, the chief accounting officer now owns 105,757 shares in the company, valued at $3,312,309.24. The disclosure for this sale can be found here. Insiders have sold 21,666 shares of company stock worth $712,118 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of ALLY. Carroll Financial Associates Inc. bought a new stake in shares of Ally Financial in the 2nd quarter valued at approximately $40,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Ally Financial in the 2nd quarter valued at approximately $49,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Ally Financial by 102.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,242 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,132 shares during the period. SG3 Management LLC bought a new stake in shares of Ally Financial in the 2nd quarter valued at approximately $73,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Ally Financial in the 2nd quarter valued at approximately $96,000. Hedge funds and other institutional investors own 95.50% of the company’s stock.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.