Royal Bank of Canada (TSE:RY) Given Average Recommendation of "Hold" by Brokerages

Category: Auto Financing
Published: Thursday, 07 January 2016
Written by Super User

A number of brokerages recently weighed in on RY. Barclays lowered their price target on shares of Royal Bank of Canada from C$74.00 to C$71.00 and set an underweight rating for the company in a report on Thursday, September 10th. National Bank Financial raised their price target on shares of Royal Bank of Canada from C$76.00 to C$79.00 and gave the company a sector perform rating in a report on Thursday, December 3rd. CIBC lowered their price target on shares of Royal Bank of Canada from C$84.00 to C$83.00 in a report on Tuesday, September 1st. Banc of America Sec lowered their price target on shares of Royal Bank of Canada from C$93.00 to C$92.00 and set a buy rating for the company in a report on Thursday, December 3rd. Finally, Canaccord Genuity raised their price target on shares of Royal Bank of Canada from C$75.00 to C$79.00 and gave the company a hold rating in a report on Tuesday, November 24th.

In other Royal Bank of Canada news, insider Zabeen Hirji-Nowaczynski sold 40,476 shares of the businesss stock in a transaction dated Monday, December 21st. The shares were sold at an average price of C$74.43, for a total transaction of C$3,012,430.35. Also, insider Alex Douglas Mcgregor sold 12,301 shares of the businesss stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of C$74.56, for a total transaction of C$917,115.82.

Royal Bank of Canada is a banking company. It serves over 16 million personal, business and corporate clients across a diversified mix of businesses in 40 countries. The Company's five business segments include Personal Commercial Banking, Wealth Management, Insurance, Investor Treasury Services and Capital Markets. The Company's Personal Commercial Banking consists of personal and business banking operations, auto financing and retail investment businesses. Wealth Management consists of Canadian Wealth Management, United States and International Wealth Management and Global Asset Management. Insurance consists of its insurance operations in Canada and globally and operates under two business lines: Canadian Insurance and International Insurance. Investor Treasury Services segment offers global custody, fund and pension administration. Capital Markets consists of a majority of its global wholesale banking businesses.

This story was originally published by Dakota Financial News (http://www.dakotafinancialnews.com) and is the sole property of Dakota Financial News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of US and International copyright law. You can view the original version of this story at http://www.dakotafinancialnews.com/royal-bank-of-canada-tsery-given-average-recommendation-of-hold-by-brokerages/772582/

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Santander Consumer USA Holdings Inc (NYSE:SC) Receives $26.90 Average PT from ...

Category: Auto Financing
Published: Wednesday, 06 January 2016
Written by Super User

Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program, purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance, and origination and servicing.

This story was originally published by Beanstockd (http://www.storminvestor.com) and is the sole property of Beanstockd. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of US and International copyright law. You can view the original version of this story at http://www.storminvestor.com/santander-consumer-usa-holdings-inc-nysesc-receives-26-90-average-pt-from-analysts/208157/

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Ally Financial draws upside bets

Category: Auto Financing
Published: Wednesday, 06 January 2016
Written by Super User
Someones looking for Ally Financial to turn around.

optionMONSTERs Heat Seeker monitoring system detected the purchase of 2,100 February 19 calls for $0.80. There was no open interest at the strike before the trade appeared, an indication new money was put to work.

Calls fix the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. (See our Coaching section.) Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction.

ALLY rose 0.48 percent to $18.73 in afternoon trading. The auto-financing company, formerly known as GMAC, has been trying to rebound in the last two weeks after hitting a low of $18.19on Dec. 14. Its next earnings report is estimated for pre-market hours on Jan. 28, so will be covered by todays bullish play.

Overall option volume was about average in ALLY, with calls outnumbering puts by 56 to 1.

ING Groep Purchases 13008 Shares of Santander Consumer USA Holdings Inc (SC)

Category: Auto Financing
Published: Monday, 04 January 2016
Written by Super User

Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program, purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance, and origination and servicing.

This story was originally published by MidSouth Newz (http://midsouthnewz.com) and is the sole property of MidSouth Newz. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of US and International copyright law. You can view the original version of this story at http://midsouthnewz.com/ing-groep-purchases-13008-shares-of-santander-consumer-usa-holdings-inc-sc/101633/

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