Oppenheimer set a $33.00 price objective on Ally Financial (NYSE:ALLY) in a research report report published on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the financial services provider’s stock. Oppenheimer also issued estimates for Ally Financial’s Q2 2019 earnings at $0.95 EPS, Q3 2019 earnings at $1.02 EPS, Q4 2019 earnings at $1.02 EPS, FY2019 earnings at $3.82 EPS and FY2020 earnings at $4.30 EPS.
ALLY has been the subject of a number of other reports. JPMorgan Chase & Co. raised shares of Ally Financial from a neutral rating to an overweight rating in a research note on Thursday, December 20th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Ally Financial from a buy rating to a hold rating in a research note on Monday, January 14th. BTIG Research increased their price objective on shares of Ally Financial to $32.00 and gave the stock a buy rating in a research note on Wednesday, January 23rd. Sandler O’Neill raised shares of Ally Financial from a hold rating to a buy rating and increased their price objective for the stock from $29.00 to $33.00 in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Finally, Barclays reduced their price objective on shares of Ally Financial from $35.00 to $34.00 and set an overweight rating for the company in a research note on Wednesday, January 2nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Ally Financial has an average rating of Buy and a consensus price target of $32.33.
Shares of ALLY stock opened at $29.73 on Wednesday. Ally Financial has a 12 month low of $20.60 and a 12 month high of $30.20. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 0.50 and a beta of 1.36. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.15 and a quick ratio of 1.15.
Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ally Financial had a net margin of 23.12% and a return on equity of 11.01%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. As a group, research analysts predict that Ally Financial will post 3.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.68 annualized dividend and a yield of 2.29%. Ally Financial’s payout ratio is 20.36%.
In related news, CAO David J. Debrunner sold 2,222 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $27.73, for a total transaction of $61,616.06. Following the completion of the transaction, the chief accounting officer now directly owns 112,423 shares of the company’s stock, valued at $3,117,489.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Jonathan Brown sold 97,311 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $27.01, for a total transaction of $2,628,370.11. Following the transaction, the chief executive officer now directly owns 632,569 shares of the company’s stock, valued at $17,085,688.69. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Ally Financial by 1.2% during the fourth quarter. BlackRock Inc. now owns 27,716,879 shares of the financial services provider’s stock valued at $628,066,000 after acquiring an additional 333,971 shares in the last quarter. Oaktree Capital Management LP lifted its position in Ally Financial by 34.6% during the fourth quarter. Oaktree Capital Management LP now owns 11,723,541 shares of the financial services provider’s stock valued at $265,655,000 after purchasing an additional 3,011,141 shares during the last quarter. Lakewood Capital Management LP lifted its position in Ally Financial by 20.3% during the fourth quarter. Lakewood Capital Management LP now owns 10,864,809 shares of the financial services provider’s stock valued at $246,197,000 after purchasing an additional 1,829,956 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ally Financial by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,022,630 shares of the financial services provider’s stock valued at $159,132,000 after purchasing an additional 39,461 shares during the last quarter. Finally, Norges Bank bought a new position in Ally Financial during the fourth quarter valued at $109,098,000.
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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