Somewhat Positive News Coverage Somewhat Unlikely to Affect Ally Financial (ALLY) Share Price
Headlines about Ally Financial (NYSE:ALLY) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ally Financial earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.7139490009091 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- What’s in Store for Ally Financial (ALLY) in Q3 Earnings? (nasdaq.com)
- What's in Store for Ally Financial (ALLY) in Q3 Earnings? (finance.yahoo.com)
- Ally Financial Earnings Under Pressure (finance.yahoo.com)
- Analysts Anticipate Ally Financial Inc. (ALLY) Will Post Earnings of $0.57 Per Share (americanbankingnews.com)
- What’s In Store For Ally Financial In Q3 Earnings? (feeds.benzinga.com)
A number of brokerages have weighed in on ALLY. BidaskClub upgraded shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. ValuEngine upgraded shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Piper Jaffray Companies restated a “buy” rating on shares of Ally Financial in a research report on Wednesday, October 4th. Stephens lowered shares of Ally Financial from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $23.00 to $20.00 in a research report on Monday, July 17th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Ally Financial in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $26.38.
Ally Financial (NYSE ALLY) opened at 24.62 on Tuesday. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 12.55 and a beta of 1.43. Ally Financial has a one year low of $16.68 and a one year high of $24.94. The stock’s 50 day moving average is $23.62 and its 200-day moving average is $21.42.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ally Financial had a net margin of 13.83% and a return on equity of 7.55%. During the same quarter in the prior year, the company posted $0.54 EPS. On average, equities research analysts expect that Ally Financial will post $2.25 earnings per share for the current fiscal year.
Ally Financial announced that its Board of Directors has authorized a stock buyback plan on Wednesday, June 28th that permits the company to buyback $760.00 million in shares. This buyback authorization permits the financial services provider to buy up to 7.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 annualized dividend and a yield of 1.95%. Ally Financial’s 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.
Receive News & Ratings for Ally Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.