Ally Financial (ALLY) Debt Trading 1% Higher

An issue of Ally Financial (NYSE:ALLY) debt rose 1% against its face value during trading on Tuesday. The high-yield debt issue has a 8% coupon and will mature on November 1, 2031. The debt is now trading at $123.50 and was trading at $122.25 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Several research firms have issued reports on ALLY. Oppenheimer set a $35.00 price objective on Ally Financial and gave the company a “buy” rating in a research note on Thursday, April 12th. Stephens restated an “equal weight” rating on shares of Ally Financial in a research note on Thursday, April 12th. UBS began coverage on Ally Financial in a research note on Tuesday, March 27th. They issued a “buy” rating and a $33.00 price objective on the stock. Zacks Investment Research lowered Ally Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, BMO Capital Markets upped their price objective on Ally Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, March 19th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.94.

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Ally Financial stock traded down $0.12 during mid-day trading on Thursday, reaching $27.42. 188,453 shares of the company were exchanged, compared to its average volume of 3,093,205. Ally Financial has a 12 month low of $18.11 and a 12 month high of $31.29. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $11,969.26, a PE ratio of 11.47, a price-to-earnings-growth ratio of 0.73 and a beta of 1.38.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $0.54 EPS. The company’s revenue was up 7.7% on a year-over-year basis. sell-side analysts expect that Ally Financial will post 2.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, April 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%. Ally Financial’s dividend payout ratio (DPR) is presently 21.76%.

A number of institutional investors have recently bought and sold shares of ALLY. Janus Henderson Group PLC increased its stake in Ally Financial by 4.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,232,218 shares of the financial services provider’s stock worth $29,894,000 after acquiring an additional 55,955 shares during the period. Janney Montgomery Scott LLC increased its stake in Ally Financial by 119.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 44,002 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 23,927 shares during the period. Neuberger Berman Group LLC bought a new position in Ally Financial during the 3rd quarter worth $358,000. Sterling Capital Management LLC increased its stake in Ally Financial by 14.6% during the 3rd quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 2,300 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Ally Financial by 8.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 196,023 shares of the financial services provider’s stock worth $4,756,000 after acquiring an additional 14,834 shares during the period.

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Ally Financial Company Profile

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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