Zacks Research Reduces Earnings Estimates for Ally Financial

Ally Financial Inc. (NYSE:ALLY - Free Report) - Stock analysts at Zacks Research reduced their Q4 2024 EPS estimates for shares of Ally Financial in a research report issued on Thursday, November 28th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $0.62 for the quarter, down from their previous estimate of $0.64. The consensus estimate for Ally Financial's current full-year earnings is $3.00 per share.

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

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reduced their target price on shares of Ally Financial from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Bank of America lowered their price target on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company dropped their target price on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a research report on Thursday, September 26th. JPMorgan Chase & Co. upgraded Ally Financial from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $46.00 to $40.00 in a research report on Monday, October 7th. Finally, Raymond James raised shares of Ally Financial from an "underperform" rating to a "market perform" rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Ally Financial has an average rating of "Hold" and an average price target of $40.80.

Ally Financial Stock Performance

NYSE ALLY traded down $0.61 on Monday, reaching $39.37. 2,267,279 shares of the stock were exchanged, compared to its average volume of 3,464,608. Ally Financial has a one year low of $29.05 and a one year high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $12.00 billion, a PE ratio of 15.99, a PEG ratio of 0.47 and a beta of 1.40. The company's 50-day simple moving average is $35.90 and its two-hundred day simple moving average is $38.62.

Institutional Trading of Ally Financial

Several hedge funds have recently bought and sold shares of ALLY. Allspring Global Investments Holdings LLC increased its stake in shares of Ally Financial by 510.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider's stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Ally Financial during the 2nd quarter worth approximately $41,000. Hobbs Group Advisors LLC purchased a new stake in shares of Ally Financial in the second quarter worth $52,000. Finally, First Community Trust NA purchased a new stake in shares of Ally Financial during the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Friday, November 1st. Ally Financial's dividend payout ratio is currently 48.00%.

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.