Zacks Research Forecasts Reduced Earnings for Ally Financial

Ally Financial Inc. (NYSE:ALLY) – Analysts at Zacks Research reduced their Q4 2024 EPS estimates for Ally Financial in a research note issued to investors on Thursday, November 28th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $0.62 for the quarter, down from their previous forecast of $0.64. The consensus estimate for Ally Financial’s current full-year earnings is $3.00 per share.

A number of other research firms have also recently weighed in on ALLY. BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods lowered their target price on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company dropped their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Thursday, September 26th. Evercore ISI dropped their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Finally, Barclays dropped their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.80.

Ally Financial Trading Down 0.2 %

Shares of ALLY stock opened at $39.13 on Monday. Ally Financial has a 1 year low of $29.05 and a 1 year high of $45.46. The firm has a fifty day moving average price of $36.10 and a 200-day moving average price of $38.61. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.47 and a beta of 1.42.

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The firm’s revenue was up 6.9% on a year-over-year basis.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is currently 48.00%.

Institutional Trading of Ally Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 526 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Ally Financial during the second quarter valued at approximately $41,000. Allworth Financial LP boosted its stake in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in shares of Ally Financial during the second quarter valued at approximately $52,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.