Ally Financial Inc (NYSE:ALLY) – Investment analysts at Piper Sandler cut their Q1 2021 earnings estimates for shares of Ally Financial in a research report issued on Wednesday, June 24th. Piper Sandler analyst K. Barker now anticipates that the financial services provider will post earnings of ($0.08) per share for the quarter, down from their prior forecast of ($0.03). Piper Sandler has a “Overweight” rating and a $27.00 price objective on the stock. Piper Sandler also issued estimates for Ally Financial’s Q3 2021 earnings at $0.57 EPS and Q4 2021 earnings at $0.75 EPS.
ALLY has been the topic of a number of other reports. Cfra raised their target price on shares of Ally Financial to $12.00 and gave the company a “strong sell” rating in a research note on Tuesday, April 21st. Citigroup raised their price objective on shares of Ally Financial from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. ValuEngine raised shares of Ally Financial from a “strong sell” rating to a “sell” rating in a report on Thursday, April 23rd. BTIG Research downgraded shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Finally, Janney Montgomery Scott reissued a “fair value” rating and set a $29.00 price target on shares of Ally Financial in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.82.
Ally Financial stock opened at $19.57 on Monday. Ally Financial has a 12-month low of $10.22 and a 12-month high of $35.42. The stock has a market capitalization of $7.30 billion, a PE ratio of 7.61 and a beta of 1.60. The firm has a 50 day simple moving average of $18.54 and a 200-day simple moving average of $22.80. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.99 and a quick ratio of 0.99.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Monday, April 20th. The financial services provider reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($1.29). The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Ally Financial had a return on equity of 6.92% and a net margin of 16.46%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share.
In related news, Director Mayree C. Clark purchased 15,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $14.25 per share, for a total transaction of $213,750.00. Following the acquisition, the director now owns 65,880 shares of the company’s stock, valued at approximately $938,790. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.
Several hedge funds have recently modified their holdings of ALLY. State Street Corp grew its holdings in shares of Ally Financial by 1.1% during the first quarter. State Street Corp now owns 11,525,185 shares of the financial services provider’s stock worth $166,308,000 after purchasing an additional 127,626 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Ally Financial by 81.8% during the 1st quarter. Guggenheim Capital LLC now owns 170,733 shares of the financial services provider’s stock valued at $2,464,000 after acquiring an additional 76,828 shares during the period. Optimal Asset Management Inc. lifted its position in shares of Ally Financial by 87.9% during the 1st quarter. Optimal Asset Management Inc. now owns 111,032 shares of the financial services provider’s stock valued at $1,602,000 after acquiring an additional 51,951 shares during the period. Verus Capital Partners LLC acquired a new stake in shares of Ally Financial during the 1st quarter valued at approximately $31,000. Finally, FDx Advisors Inc. raised its position in shares of Ally Financial by 53.2% during the 1st quarter. FDx Advisors Inc. now owns 10,348 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 3,592 shares during the last quarter. 92.97% of the stock is owned by institutional investors and hedge funds.
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.
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