Ally Financial Inc. (NYSE:ALLY – Free Report) – Investment analysts at Zacks Research reduced their Q3 2024 EPS estimates for Ally Financial in a research report issued to clients and investors on Tuesday, October 1st. Zacks Research analyst N. Kataruka now anticipates that the financial services provider will earn $0.67 per share for the quarter, down from their previous estimate of $0.93. The consensus estimate for Ally Financial’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Ally Financial’s Q4 2024 earnings at $0.87 EPS, FY2024 earnings at $2.96 EPS, Q4 2025 earnings at $1.42 EPS, Q1 2026 earnings at $1.13 EPS, Q2 2026 earnings at $1.49 EPS and FY2026 earnings at $5.85 EPS.
Ally Financial (NYSE:ALLY – Get Free Report) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm earned $0.96 EPS. Ally Financial’s quarterly revenue was down 3.8% compared to the same quarter last year.
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Ally Financial Price Performance
NYSE:ALLY opened at $35.12 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. Ally Financial has a 12-month low of $22.54 and a 12-month high of $45.46. The stock’s 50 day moving average price is $38.89 and its two-hundred day moving average price is $39.43. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 0.37 and a beta of 1.39.
Hedge Funds Weigh In On Ally Financial
Several hedge funds have recently bought and sold shares of the company. Boston Partners bought a new position in Ally Financial in the first quarter valued at approximately $152,079,000. Scout Investments Inc. bought a new position in shares of Ally Financial in the 4th quarter valued at $63,080,000. Jennison Associates LLC acquired a new position in shares of Ally Financial during the 1st quarter worth $52,252,000. Delta Global Management LP lifted its position in shares of Ally Financial by 3,262.3% during the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after buying an additional 1,005,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after buying an additional 987,489 shares in the last quarter. 88.76% of the stock is owned by institutional investors.
Ally Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. Ally Financial’s payout ratio is 48.98%.
Ally Financial Company Profile
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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