Ally Financial Inc (NYSE:ALLY) – Research analysts at Jefferies Financial Group issued their Q2 2020 EPS estimates for shares of Ally Financial in a research report issued on Wednesday, July 8th. Jefferies Financial Group analyst J. Hecht expects that the financial services provider will post earnings per share of $0.08 for the quarter. Jefferies Financial Group also issued estimates for Ally Financial’s Q3 2020 earnings at $0.24 EPS, FY2020 earnings at $0.07 EPS, Q2 2021 earnings at $0.53 EPS and Q3 2021 earnings at $0.55 EPS.

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

Several other brokerages have also commented on ALLY. Barclays reiterated a “hold” rating and issued a $23.00 price target on shares of Ally Financial in a research note on Thursday, April 9th. Nomura dropped their price target on shares of Ally Financial from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. ValuEngine upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Morgan Stanley increased their price target on shares of Ally Financial from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Compass Point increased their price target on shares of Ally Financial from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $27.82.

Shares of Ally Financial stock opened at $20.52 on Monday. The firm has a market capitalization of $7.51 billion, a P/E ratio of 7.98 and a beta of 1.62. Ally Financial has a 52 week low of $10.22 and a 52 week high of $35.42. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 2.30. The firm’s 50 day moving average is $19.60 and its two-hundred day moving average is $22.04.

In related news, Director Mayree C. Clark purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $14.25 per share, with a total value of $213,750.00. Following the completion of the acquisition, 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 SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ALLY. FMR LLC lifted its holdings in shares of Ally Financial by 129.3% during the first quarter. FMR LLC now owns 1,801,409 shares of the financial services provider’s stock worth $49,521,000 after purchasing an additional 1,015,634 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Ally Financial by 160.4% during the fourth quarter. Franklin Resources Inc. now owns 16,004 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 9,857 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Ally Financial by 1.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 92,000 shares of the financial services provider’s stock worth $2,812,000 after purchasing an additional 1,416 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ally Financial in the fourth quarter valued at $602,000. Finally, Stifel Financial Corp lifted its holdings in Ally Financial by 5.1% in the fourth quarter. Stifel Financial Corp now owns 41,191 shares of the financial services provider’s stock valued at $1,256,000 after acquiring an additional 1,997 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.

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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