Ally Financial (NYSE:ALLY) Releases FY 2023 Earnings Guidance

Ally Financial (NYSE:ALLYGet Rating) updated its FY 2023 earnings guidance on Friday. The company provided EPS guidance of $4.00-$4.00 for the period, compared to the consensus EPS estimate of $3.88. The company issued revenue guidance of -. Ally Financial also updated its FY 2024 guidance to $6.00-$6.00 EPS.

Ally Financial Trading Up 20.0 %

Shares of ALLY stock opened at $31.43 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.64. Ally Financial has a fifty-two week low of $22.34 and a fifty-two week high of $51.05. The firm’s 50 day moving average price is $25.73 and its two-hundred day moving average price is $29.43. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 6.32 and a beta of 1.27.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.82%. Ally Financial’s dividend payout ratio is currently 24.14%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ALLY shares. Royal Bank of Canada decreased their target price on Ally Financial from $37.00 to $32.00 and set an outperform rating for the company in a research report on Thursday, October 20th. Keefe, Bruyette & Woods dropped their price objective on shares of Ally Financial from $47.00 to $38.00 in a research note on Wednesday, October 19th. Piper Sandler upgraded shares of Ally Financial from an underweight rating to a neutral rating and upped their target price for the company from $25.00 to $28.00 in a research note on Monday, January 9th. BMO Capital Markets decreased their price objective on shares of Ally Financial from $66.00 to $46.00 and set an outperform rating for the company in a research report on Thursday, October 20th. Finally, TheStreet lowered Ally Financial from a b- rating to a c+ rating in a research report on Wednesday, October 19th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $34.55.

Insider Activity

In related news, Director Marjorie Magner acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, October 25th. The stock was purchased at an average cost of $27.43 per share, for a total transaction of $54,860.00. Following the purchase, the director now directly owns 55,603 shares in the company, valued at $1,525,190.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Ally Financial

Large investors have recently made changes to their positions in the company. Kinneret Advisory LLC grew its position in Ally Financial by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 11,700 shares of the financial services provider’s stock valued at $509,000 after buying an additional 262 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Ally Financial by 2.6% during the first quarter. Blair William & Co. IL now owns 10,497 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 264 shares during the period. Salem Investment Counselors Inc. raised its holdings in Ally Financial by 115.0% during the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 345 shares in the last quarter. EP Wealth Advisors LLC lifted its position in Ally Financial by 8.2% in the first quarter. EP Wealth Advisors LLC now owns 4,656 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 354 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Ally Financial by 4.9% during the 1st quarter. Captrust Financial Advisors now owns 8,020 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Ally Financial Company Profile

(Get Rating)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.

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Earnings History and Estimates for Ally Financial (NYSE:ALLY)

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