Ally Financial (ALLY) is set to report results on Thursday
Ally Financial (NYSE:ALLY – Get Rating) will release earnings data ahead of market open Thursday, April 14. Analysts expect Ally Financial to post earnings of $1.96 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
Ally Financial (NYSE: ALLY – Get Rating) last released its quarterly results on Friday, January 21. The financial services provider reported earnings per share (EPS) of $2.02 for the quarter, beating Zacks’ consensus estimate of $2.01 by $0.01. Ally Financial had a return on equity of 21.51% and a net margin of 37.29%. The company posted revenue of $2.20 billion in the quarter, versus analyst estimates of $2.07 billion. In the same quarter a year earlier, the company posted EPS of $1.60. Ally Financial’s revenue for the quarter increased 15.8% from the same quarter last year. On average, analysts expect Ally Financial to post EPS of $8 for the current fiscal year and EPS of $8 for the next fiscal year.
Shares of ALLY opened at $42.97 on Wednesday. The stock has a fifty-day simple moving average of $45.66 and a two-hundred-day simple moving average of $48.21. Ally Financial has a 52-week low of $39.85 and a 52-week high of $56.61. The company has a market capitalization of $14.24 billion, a PE ratio of 5.24, a PEG ratio of 0.18 and a beta of 1.36. The company has a debt ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88.
In other news, insider Jason E. Schugel sold 2,500 shares in a trade that took place on Tuesday, March 1. The shares were sold at an average price of $49.21, for a total value of $123,025.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, insider Douglas R. Timmerman sold 2,916 shares in a trade that took place on Tuesday, February 1. The shares were sold at an average price of $47.78, for a total transaction of $139,326.48. The disclosure of this sale can be found here. 0.57% of the shares are currently held by company insiders.
Several large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its position in Ally Financial by 5.6% in the fourth quarter. Parametric Portfolio Associates LLC now owns 729,373 shares of the financial services provider valued at $34,725,000 after purchasing an additional 38,978 shares during the period. Stifel Financial Corp increased its position in Ally Financial by 60.4% in the 4th quarter. Stifel Financial Corp now owns 102,157 shares of the financial services provider valued at $4,864,000 after purchasing an additional 38,471 shares during the period. Vident Investment Advisory LLC increased its position in Ally Financial by 2.8% in the 4th quarter. Vident Investment Advisory LLC now owns 52,206 shares of the financial services provider valued at $2,485,000 after purchasing an additional 1,420 shares during the period. Lombard Odier Asset Management USA Corp increased its position in Ally Financial by 3.8% in the 4th quarter. Lombard Odier Asset Management USA Corp now owns 40,666 shares of the financial services provider valued at $1,936,000 after purchasing an additional 1,500 shares during the period. Finally, Toroso Investments LLC strengthened its position in Ally Financial by 25.8% in the 4th quarter. Toroso Investments LLC now owns 9,681 shares of the financial services provider valued at $461,000 after purchasing an additional 1,985 shares during the period. 92.69% of the shares are held by hedge funds and other institutional investors.
Several brokerages have published reports on ALLY. Raymond James raised his price target on Ally Financial shares from $55.00 to $57.00 and gave the stock an “outperform” rating in a Thursday, Jan. 6, research note. JPMorgan Chase & Co. downgraded Ally Financial shares from an “overweight” rating to a “neutral” rating and cut its target price for the stock from $65.00 to $56.00 in a report of research from Wednesday, January 19. StockNews.com began covering Ally Financial shares in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Credit Suisse Group raised its price target on Ally Financial shares from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, Jan. 24. Finally, Morgan Stanley cut its price target on Ally Financial shares from $73.00 to $55.00 and set an “overweight” rating on the stock in a Monday, March 28 research report. Five equity research analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $61.54.
Ally Financial Company Profile (Get an evaluation)
Ally Financial Inc, a digital financial services company, provides various digital financial products and services to consumers, businesses and enterprises primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations and Corporate Finance Operations.
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