Ally Financial Inc (NYSE:ALLY) – Equities research analysts at Piper Jaffray Companies cut their Q3 2019 earnings per share (EPS) estimates for Ally Financial in a note issued to investors on Tuesday, April 9th. Piper Jaffray Companies analyst K. Barker now anticipates that the financial services provider will earn $0.92 per share for the quarter, down from their previous estimate of $0.93. Piper Jaffray Companies also issued estimates for Ally Financial’s Q3 2020 earnings at $1.03 EPS.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. Ally Financial had a net margin of 21.76% and a return on equity of 10.84%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm posted $0.70 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday. ValuEngine raised shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Barclays reduced their target price on shares of Ally Financial from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, January 2nd. BTIG Research assumed coverage on shares of Ally Financial in a report on Thursday, January 24th. Finally, Sandler O’Neill raised shares of Ally Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $29.00 to $33.00 in a report on Tuesday, February 26th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.25.

Shares of ALLY opened at $29.51 on Friday. The stock has a market capitalization of $11.84 billion, a PE ratio of 8.84, a PEG ratio of 0.49 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.33. Ally Financial has a one year low of $20.60 and a one year high of $29.55.

A number of institutional investors have recently modified their holdings of the business. First Manhattan Co. raised its stake in Ally Financial by 0.4% in the 1st quarter. First Manhattan Co. now owns 3,404,402 shares of the financial services provider’s stock worth $93,587,000 after purchasing an additional 12,389 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Ally Financial in the 1st quarter valued at approximately $1,068,000. Truvestments Capital LLC acquired a new position in shares of Ally Financial in the 1st quarter valued at approximately $74,000. DNB Asset Management AS raised its position in shares of Ally Financial by 37.2% in the 1st quarter. DNB Asset Management AS now owns 139,673 shares of the financial services provider’s stock valued at $3,840,000 after buying an additional 37,873 shares in the last quarter. Finally, Bank of Edwardsville acquired a new position in shares of Ally Financial in the 1st quarter valued at approximately $441,000.

In other Ally Financial news, CAO David J. Debrunner sold 2,222 shares of Ally Financial stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.73, for a total value of $61,616.06. Following the completion of the sale, the chief accounting officer now owns 112,423 shares in the company, valued at approximately $3,117,489.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael F. Steib acquired 2,000 shares of the company’s stock in a transaction on Monday, February 11th. The stock was acquired at an average price of $26.47 per share, with a total value of $52,940.00. Following the purchase, the director now directly owns 29,027 shares in the company, valued at $768,344.69. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

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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Earnings History and Estimates for Ally Financial (NYSE:ALLY)

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