According to Zacks, “Ally Financial’s estimates have been stable lately ahead of its third-quarter 2016 earnings release. The company has positive record of earnings surprises in recent quarters. We believe its acquisition of TradeKing in Jun 2016 is likely to assist in improving product offerings and digitization of financial operations which will further help diversifying its revenue base and support bottom line growth. Also growth in net financing revenue remains a positive for Ally Financial. However, high debt levels may restrain its ability to procure additional funds for working capital, acquisitions or other purposes. This may also negatively impact the company’s access to liquidity and increase borrowing costs in the unsecured market. Also, stringent regulations is likely to weigh on the company’s near-term profitability.”
A number of other brokerages have also commented on ALLY. Jefferies Group reissued a buy rating and set a $28.00 price target on shares of Ally Financial in a report on Tuesday, September 13th. Deutsche Bank AG reissued a buy rating and set a $23.00 price target on shares of Ally Financial in a report on Thursday, August 18th. JPMorgan Chase & Co. reissued a buy rating and set a $27.00 price target on shares of Ally Financial in a report on Thursday, June 9th. BTIG Research reissued a buy rating on shares of Ally Financial in a report on Thursday, June 30th. Finally, Credit Suisse Group AG reissued an outperform rating on shares of Ally Financial in a report on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Ally Financial currently has an average rating of Buy and a consensus price target of $25.13.
Shares of Ally Financial (NYSE:ALLY) traded down 0.375% on Wednesday, hitting $19.905. 494,467 shares of the stock traded hands. The stock’s market cap is $9.55 billion. The company’s 50 day moving average is $19.52 and its 200 day moving average is $17.99. Ally Financial has a one year low of $14.55 and a one year high of $21.21.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Ally Financial had a return on equity of 17.19% and a net margin of 17.61%. During the same quarter last year, the business earned $0.46 EPS. On average, equities analysts forecast that Ally Financial will post $2.25 EPS for the current year.
A number of large investors have recently made changes to their positions in ALLY. Mizuho Asset Management Co. Ltd. raised its stake in shares of Ally Financial by 176.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,999 shares of the company’s stock worth $119,000 after buying an additional 4,467 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Ally Financial during the second quarter valued at about $168,000. Barnett & Company Inc. purchased a new stake in shares of Ally Financial during the first quarter valued at about $178,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ally Financial during the second quarter valued at about $179,000. Finally, Seven Eight Capital LLC raised its stake in shares of Ally Financial by 180.5% in the first quarter. Seven Eight Capital LLC now owns 10,412 shares of the company’s stock valued at $195,000 after buying an additional 6,700 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Ally Financial Company Profile
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.
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