News coverage about Ally Financial (NYSE:ALLY) has been trending positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ally Financial earned a coverage optimism score of 0.33 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 35 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Harbour Capital Advisors, LLC Bought A Little More Ally Financial Inc. (ALLY) Stock In The Last Quarter – Highlight Press (highlightpress.com)
- Ally Financial Inc. (NYSE:ALLY) Sees Unusual Trading Volume in Its Shares – Highlight Press (highlightpress.com)
- Car Prices Are Still Falling But the Sky Isn’t as Lender Profits Rise (bloomberg.com)
- Ally Financials' (ALLY) Stock Gains on Q2 Earnings Beat (finance.yahoo.com)
- Paine Webber Mortgage Acceptance Corporation V 1999-C1 — Moody’s: ASC 1997-D5, CCMS 1998-1, FULBBA 1998-C2, GMAC 1997-C1, JPM 2004-CIBC8, PMAC 1999-C1 and RCMT 2015-2 Ratings Unaffected by the Proposed Transfer of Special Servicing Rights (finance.yahoo.com)
Shares of Ally Financial (NYSE ALLY) traded up 0.13% during trading on Friday, reaching $22.69. The company had a trading volume of 5,119,921 shares. Ally Financial has a 12 month low of $16.68 and a 12 month high of $23.62. The firm’s 50 day moving average price is $20.98 and its 200 day moving average price is $20.60. The firm has a market capitalization of $10.89 billion, a P/E ratio of 11.36 and a beta of 1.39.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Ally Financial had a return on equity of 7.56% and a net margin of 13.83%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company posted $0.54 EPS. Equities analysts predict that Ally Financial will post $2.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, July 28th. This is a positive change from Ally Financial’s previous quarterly dividend of $0.08. Ally Financial’s dividend payout ratio is currently 16.33%.
Ally Financial declared that its Board of Directors has authorized a share repurchase program on Wednesday, June 28th that allows the company to buyback $760.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 7.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages have issued reports on ALLY. Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a research report on Friday. Stephens downgraded Ally Financial from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $23.00 to $20.00 in a research report on Monday, July 17th. BidaskClub upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $24.00 target price on shares of Ally Financial in a research report on Tuesday, July 4th. Finally, TheStreet upgraded Ally Financial from a “c” rating to a “b-” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $24.62.
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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