Ally Financial Inc (NYSE:ALLY) – Stock analysts at Piper Sandler reduced their Q1 2021 earnings per share estimates for shares of Ally Financial in a report issued on Wednesday, June 24th. Piper Sandler analyst K. Barker now anticipates that the financial services provider will post earnings per share of ($0.08) for the quarter, down from their prior estimate of ($0.03). Piper Sandler currently has a “Overweight” rating and a $27.00 price target on the stock. Piper Sandler also issued estimates for Ally Financial’s Q3 2021 earnings at $0.57 EPS and Q4 2021 earnings at $0.75 EPS.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Monday, April 20th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($1.29). Ally Financial had a net margin of 16.46% and a return on equity of 6.92%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year.

Several other research firms also recently commented on ALLY. Credit Suisse Group upped their price objective on shares of Ally Financial from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. ValuEngine raised shares of Ally Financial from a “strong sell” rating to a “sell” rating in a report on Thursday, April 23rd. BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Zacks Investment Research downgraded shares of Ally Financial from a “hold” rating to a “sell” rating and set a $18.00 target price for the company. in a research report on Monday, June 1st. Finally, Morgan Stanley increased their target price on shares of Ally Financial from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.82.

NYSE ALLY opened at $19.57 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 2.30. The firm’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $22.80. Ally Financial has a 1 year low of $10.22 and a 1 year high of $35.42. The firm has a market capitalization of $7.30 billion, a P/E ratio of 7.61 and a beta of 1.60.

In other Ally Financial news, Director Mayree C. Clark bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $14.25 per share, for a total transaction of $213,750.00. Following the purchase, the director now directly owns 65,880 shares in the company, valued at $938,790. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Exane Derivatives raised its stake in shares of Ally Financial by 76.6% in the first quarter. Exane Derivatives now owns 1,766 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 766 shares in the last quarter. Carroll Financial Associates Inc. grew its holdings in shares of Ally Financial by 59.5% during the first quarter. Carroll Financial Associates Inc. now owns 2,104 shares of the financial services provider’s stock worth $30,000 after buying an additional 785 shares during the last quarter. Verus Capital Partners LLC purchased a new position in shares of Ally Financial during the first quarter worth about $31,000. Americana Partners LLC purchased a new position in shares of Ally Financial during the fourth quarter worth about $37,000. Finally, Versant Capital Management Inc boosted its holdings in Ally Financial by 2,653.1% in the 1st quarter. Versant Capital Management Inc now owns 3,111 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 2,998 shares in the last quarter. Institutional investors own 92.97% of the company’s stock.

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.

Further Reading: Neutral Rating

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

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