Ally Financial Inc (NYSE:ALLY) – Oppenheimer dropped their FY2019 EPS estimates for shares of Ally Financial in a report released on Wednesday, October 16th. Oppenheimer analyst D. Gabriele now forecasts that the financial services provider will earn $3.71 per share for the year, down from their previous forecast of $3.73. Oppenheimer also issued estimates for Ally Financial’s Q4 2019 earnings at $0.94 EPS and FY2020 earnings at $4.25 EPS.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.57 billion. Ally Financial had a return on equity of 10.83% and a net margin of 26.29%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS.

A number of other equities analysts also recently weighed in on ALLY. ValuEngine downgraded Ally Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Stephens upgraded Ally Financial from an “equal” rating to a “weight” rating and upped their target price for the company from $37.00 to $44.00 in a report on Monday, September 9th. BTIG Research upped their target price on Ally Financial to $39.00 and gave the company a “buy” rating in a report on Friday, July 19th. Citigroup dropped their target price on Ally Financial from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Ally Financial in a report on Sunday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $36.58.

Shares of ALLY opened at $30.69 on Monday. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 0.60 and a beta of 1.30. Ally Financial has a fifty-two week low of $20.60 and a fifty-two week high of $35.42. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day moving average is $32.55 and its 200-day moving average is $31.01.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ETRADE Capital Management LLC boosted its position in Ally Financial by 1.8% during the second quarter. ETRADE Capital Management LLC now owns 21,273 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 370 shares during the period. Barnett & Company Inc. boosted its position in Ally Financial by 1.1% during the second quarter. Barnett & Company Inc. now owns 38,200 shares of the financial services provider’s stock worth $1,184,000 after purchasing an additional 400 shares during the period. BB&T Securities LLC boosted its position in Ally Financial by 0.5% during the second quarter. BB&T Securities LLC now owns 77,863 shares of the financial services provider’s stock worth $2,412,000 after purchasing an additional 413 shares during the period. Signaturefd LLC boosted its position in Ally Financial by 10.7% during the third quarter. Signaturefd LLC now owns 4,414 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 425 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its position in Ally Financial by 7.4% during the third quarter. Campbell & CO Investment Adviser LLC now owns 7,639 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 524 shares during the period. 95.88% of the stock is owned by institutional investors and hedge funds.

In related news, CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $31.14, for a total value of $69,193.08. Following the completion of the sale, the chief accounting officer now owns 101,313 shares of the company’s stock, valued at approximately $3,154,886.82. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders sold 6,666 shares of company stock valued at $216,556. 0.35% of the stock is currently owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.68 annualized dividend and a dividend yield of 2.22%. Ally Financial’s payout ratio is 20.36%.

About Ally Financial

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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