On May 30, 2014, Ally Financial Inc (NYSE:ALLY), announced that it will exercise its right to redeem all of its 10.30% deferred interest debentures due June 15, 2015 (CUSIP Nos. 370424DA8/36186CAE3) (the Redeemed Notes). The redemption date will be June 30 , 2014. The holders of Redeemed Notes will receive $2,300.00 of principal amount per note, plus $7,473.07 of interest amount per note. The aggregate principal amount of Redeemed Notes, plus such portion of the interest that has accrued on a straight-line basis, is $9,773.07 for each $10,000.00 of accreted amount per note due at maturity, resulting in total proceeds due of approximately $536.2 million . Ally Financial Inc (NYSE:ALLY), net profit margin is -8.50% and weekly performance is -2.04%. On last trading day company shares ended up $23.52. Analysts mean target price for the company is $27.85. Ally Financial Inc (NYSE:ALLY),distance from 50-day simple moving average (SMA50) is -2.71%.
On May 20, 2014, CYS Investments Inc (NYSE:CYS), announced that Kevin E. Grant, CFA, the Company’s CEO and President, will deliver a presentation at the Keefe Bruyette & Woods Mortgage Finance Conference at the Crowne Plaza Times Square Manhattan on Tuesday, June 3, 2014. CYS Investments Inc (NYSE:CYS), fell 0.87% in last trading session and ended the day on $9.16. CYS, Gross Margin is 80.80% and its return on assets is -2.10%. CYS Investments Inc (NYSE:CYS), quarterly performance is 7.39%.
Santander Consumer USA Holdings Inc (NYSE:SC)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday. They currently have a $24.00 target price on the stock, down from their previous target price of $27.00. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 21.46% from the company’s current price. Santander Consumer USA Holdings Inc (NYSE:SC), shares moved up 0.05% in last trading session and was closed at $19.66, while trading in range of $19.39 – 19.76. Santander Consumer USA Holdings Inc (NYSE:SC), year to date (YTD) performance is -21.45%.
On May 28, 2014, Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Ocwen Financial Corp (NYSE:OCN). The investigation concerns possible violations of federal securities laws and focuses on the Company’s business and operations. Ocwen Financial Corp (NYSE:OCN), ended the last trading day at $35.07. Company weekly volatility is calculated as 2.72% and price to cash ratio as 19.51. Ocwen Financial Corp (NYSE:OCN), showed a negative weekly performance of 3.30%.
On May 27, 2014, PennyMac Mortgage Investment Trust (NYSE:PMT), reported it Q1 results on May 7, 2014. Net income for the quarter was $37.9 million, down 28% from the prior quarter, mainly due to lower income from correspondent lending as well as reduced gains in the distressed loan portfolio. PennyMac Mortgage Investment Trust (NYSE:PMT), net profit margin is 53.40% and weekly performance is -0.85%. On last trading day company shares ended up $20.96. Analysts mean target price for the company is $24.30. PennyMac Mortgage Investment Trust (NYSE:PMT), distance from 50-day simple moving average (SMA50) is -7.00%.