Ally Financial (NYSE:ALLY – Get Rating) updated its fourth quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $1.00-$1.00 for the period, compared to the consensus earnings per share estimate of $1.57. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Jefferies Financial Group reaffirmed a buy rating and set a $50.00 price target on shares of Ally Financial in a research note on Wednesday, July 13th. Barclays dropped their price target on Ally Financial from $49.00 to $40.00 and set an overweight rating for the company in a research note on Thursday, October 20th. Piper Sandler dropped their price target on Ally Financial from $34.00 to $31.00 and set an underweight rating for the company in a research note on Monday, September 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Ally Financial from $70.00 to $55.00 in a research note on Wednesday, July 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Ally Financial from $39.00 to $34.00 and set a neutral rating on the stock in a report on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $37.88.
Ally Financial Stock Up 0.2 %
ALLY stock opened at $27.18 on Thursday. Ally Financial has a fifty-two week low of $25.33 and a fifty-two week high of $53.83. The business’s 50 day moving average price is $31.06 and its two-hundred day moving average price is $35.26. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 4.58, a price-to-earnings-growth ratio of 0.13 and a beta of 1.34.
Ally Financial (NYSE:ALLY – Get Rating) last posted its earnings results on Wednesday, October 19th. The financial services provider reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.61). Ally Financial had a return on equity of 18.38% and a net margin of 24.78%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company posted $2.16 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, analysts forecast that Ally Financial will post 6.38 earnings per share for the current fiscal year.
Ally Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a $0.30 dividend. The ex-dividend date is Monday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.42%. Ally Financial’s dividend payout ratio is currently 20.24%.
Institutional Trading of Ally Financial
Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. lifted its position in Ally Financial by 362.0% in the 2nd quarter. Macquarie Group Ltd. now owns 571,015 shares of the financial services provider’s stock valued at $19,135,000 after acquiring an additional 447,424 shares in the last quarter. Royal Bank of Canada lifted its position in Ally Financial by 5.6% in the 1st quarter. Royal Bank of Canada now owns 6,035,703 shares of the financial services provider’s stock valued at $262,433,000 after acquiring an additional 320,049 shares in the last quarter. State Street Corp lifted its position in Ally Financial by 3.3% in the 1st quarter. State Street Corp now owns 8,749,404 shares of the financial services provider’s stock valued at $380,424,000 after acquiring an additional 281,795 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Ally Financial by 72.2% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 332,390 shares of the financial services provider’s stock valued at $14,452,000 after acquiring an additional 139,400 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Ally Financial by 174.6% in the 1st quarter. Mackenzie Financial Corp now owns 89,904 shares of the financial services provider’s stock valued at $3,909,000 after acquiring an additional 57,159 shares in the last quarter. 91.57% of the stock is owned by institutional investors.
Ally Financial Company Profile
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.
See Also
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