Ally Financial Inc (NYSE:ALLY) – Stock analysts at Piper Jaffray Companies boosted their FY2018 EPS estimates for Ally Financial in a research report issued on Sunday, October 28th. Piper Jaffray Companies analyst K. Barker now forecasts that the financial services provider will post earnings per share of $3.13 for the year, up from their previous forecast of $3.08. Piper Jaffray Companies currently has a “Buy” rating and a $34.00 target price on the stock. Piper Jaffray Companies also issued estimates for Ally Financial’s Q4 2018 earnings at $0.79 EPS, Q2 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.93 EPS, FY2019 earnings at $3.34 EPS and FY2020 earnings at $3.63 EPS.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. Ally Financial had a net margin of 16.87% and a return on equity of 10.22%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion.
Shares of NYSE:ALLY opened at $25.06 on Tuesday. Ally Financial has a 52 week low of $23.69 and a 52 week high of $31.29. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.61 and a beta of 1.34. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.60.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Regentatlantic Capital LLC increased its stake in shares of Ally Financial by 22.1% during the third quarter. Regentatlantic Capital LLC now owns 15,566 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 2,816 shares during the period. Legacy Financial Advisors Inc. increased its stake in shares of Ally Financial by 58.1% during the third quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 2,261 shares during the period. Arizona State Retirement System increased its stake in shares of Ally Financial by 2.4% during the third quarter. Arizona State Retirement System now owns 202,478 shares of the financial services provider’s stock valued at $5,356,000 after acquiring an additional 4,659 shares during the period. Greenleaf Trust increased its stake in shares of Ally Financial by 8.5% during the third quarter. Greenleaf Trust now owns 229,425 shares of the financial services provider’s stock valued at $6,068,000 after acquiring an additional 17,930 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Ally Financial during the third quarter valued at approximately $397,000. Institutional investors and hedge funds own 99.08% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.39%. Ally Financial’s dividend payout ratio is presently 25.10%.
About Ally Financial
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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