On Thursday, StockNews.com published a research note that began the website’s coverage of Ally Financial (NYSE: ALLY).
The corporation recommended that its shareholders keep their current “hold” position in the company’s stock that provides financial services.
The most recent earnings report for Ally Financial (NYSE: ALLY) was distributed to the members of the investing community on Friday, January 20th.
The market experts’ consensus EPS estimate for the quarter was $0.98, but the financial services company reported earnings per share for the quarter of $1.08, which was $0.10 higher than the estimate.
The revenue for the quarter came in at $2.20 billion, which is significantly more than the average prediction of $2.04 billion.
Ally Financial had a return on equity of 17.98% and a net margin of 20.34% for the company.
According to projections made by various authorities in the field of finance, Ally Financial will bring in an average of $3.65 in profits per share during the current financial year.
At the opening of trading on Thursday, the price of a share of ALLY was $23.53 per share.
There is a debt-to-equity ratio of 1.69, a quick ratio of 0.89, and a current ratio of 0.89.
Each of these ratios is also equal to the other.
The company’s 50-day moving average and 200-day moving average are currently at $29.88.
The company’s moving average for the last 50 days is $28.58.
Ally Financial has seen a low of $21.58 over the past 52 weeks, while the company has seen a high of $45.65 over the same period.
The company’s market capitalization is $7.08 billion, its price-to-earnings ratio is 4.73, and its beta value is 1.37.
Reports relating to ALLY have recently been made accessible to the general public by various brokerage firms that have done so in recent times.
Ally Financial was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating.
Their target price for the stock was reduced from $40.00 to $25.00 in a research report published on Tuesday, January 10th.
Both of these decisions were made as a direct response to the unsatisfactory financial performance of the company. Citigroup raised its price target for Ally Financial shares from $34.00 to $45.00 in a research report published on January 22nd.
The report was made public.
Bank of America decreased its price target for Ally Financial from $35.00 to $26.00.
It downgraded the company’s rating from “buy” to “underperform” in a research note published on Thursday, January 5th.
Piper Jaffray raised its price target for Ally Financial shares from $25.00 to $28.00.
It upgraded the company’s rating from “underweight” to “neutral” in a research report published on January 9th by Piper Jaffray.
The report was made public.
These two changes were made simultaneously with an increase in the price target that was being targeted. Wells Fargo & Company decreased their target price on Ally Financial from $22.00 to $20.00 and classified the stock as “underweight” in a research report published on Tuesday, January 3rd.
The last and most significant modification was made here.
A buy rating of five, a hold rating of nine, and a sell rating of three have been assigned to the stock by various financial analysts as their recommendations regarding the stock.
According to information from Bloomberg.com, the consensus recommendation for Ally Financial’s stock is “Hold,” and the consensus price objective is $35.24.
In addition, most analysts believe that Ally Financial’s price will reach $35.24 shortly.
In the most recent few months, several well-known shareholders have revised the percentages of ownership in the company they currently hold.
Private Trust Co NA brought the total percentage of Ally Financial stock that it owned up to 99.8 percent during the third quarter.
Because of the additional purchase of 445 shares during the relevant period, Private Trust Co NA now has 891 shares of the financial services provider’s stock.
Each of these shares has a value of $2,500. Syverson Strege & Co put more than $26,000 into a new investment in Ally Financial during the second quarter of the fiscal year.
Denali Advisors LLC made a new investment in Ally Financial during the third quarter of the fiscal year.
It was estimated that this new position was worth approximately $28,000.
The U.S. Capital Wealth Advisors LLC put approximately $28,000 into a new Ally Financial investment over the final three months of 2018.
And finally, during the first quarter of this year, Salem Investment Counselors, INC increased the amount of Ally Financial stock owned by 115.0 percent. Salem Investment Counselors, INC now has 645 shares of stock in the company that provides financial services due to purchasing 345 additional shares during the most recent quarter.
These shares are currently worth $28,000, which is their market value.
At the moment, institutions own a total of 90.35 percent of the equity in the company.
Ally Financial, INC provides clients with a comprehensive range of financial services, such as online banking, securities brokerage, and investment advisory services.
The following are some of the areas in which it performs exceptionally well: The definition of “finance operations” encompasses a wide variety of finance-related activities, including but not limited to mortgage financing activities, corporate finance operations, insurance operations, automotive financing operations, and other finance-related activities; however, this definition is not exhaustive.
The Automotive Finance Operations segment offers term loans to dealers, financing dealer floor plans and other lines of credit to dealers, warehouse lines to automotive retailers, retail installment sales contracts, loans and operating leases, fleet financing, financing to businesses and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.
Additionally, the segment offers financing to businesses and municipalities for the purchase or lease of vehicles.