Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Ally Financial (ALLY) Share Price
News stories about Ally Financial (NYSE:ALLY) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ally Financial earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.2775141208902 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- DIGITAL ALLY INC : Submission of Matters to a Vote of Security Holders (form 8-K) (4-traders.com)
- Ally Financial to Present at Barclays Global Financial Services Conference (finance.yahoo.com)
- ETFs with exposure to Ally Financial, Inc. : August 15, 2017 (finance.yahoo.com)
- Ally Financial Inc. (ALLY) noted a price change of -0.50% and Axon Enterprise, Inc. (AAXN) closes with a move of -0.45% – Stocks Gallery (stocksgallery.com)
- Investec Asset Management Ltd Marginally Raises Its Investment in Ally Financial Inc. (ALLY) Last Quarter – Modern Readers (modernreaders.com)
Several brokerages recently issued reports on ALLY. BidaskClub lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Sunday, July 23rd. Stephens lowered shares of Ally Financial from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $23.00 to $20.00 in a report on Monday, July 17th. BMO Capital Markets reissued a “buy” rating and set a $26.00 price objective on shares of Ally Financial in a report on Tuesday, April 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $31.00 price objective (up from $30.00) on shares of Ally Financial in a report on Sunday, July 30th. Finally, TheStreet raised shares of Ally Financial from a “c” rating to a “b-” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. Ally Financial has an average rating of “Buy” and a consensus price target of $25.07.
Shares of Ally Financial (NYSE ALLY) opened at 22.64 on Wednesday. Ally Financial has a 52 week low of $16.68 and a 52 week high of $23.62. The firm has a 50-day moving average of $21.82 and a 200 day moving average of $20.86. The firm has a market capitalization of $10.86 billion, a P/E ratio of 11.54 and a beta of 1.42.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Ally Financial had a net margin of 13.83% and a return on equity of 7.55%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities research analysts expect that Ally Financial will post $2.27 EPS for the current fiscal year.
Ally Financial announced that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $760.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a $0.12 dividend. The ex-dividend date was Friday, July 28th. This is an increase from Ally Financial’s previous quarterly dividend of $0.08. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.12%. Ally Financial’s dividend payout ratio is currently 24.49%.
About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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