Ally Financial Inc. (NYSE:ALLY) shares traded 1.70% higher at $26.88 on Wall Street last session.
In accordance with the data, 21 analysts cover Ally Financial Inc. (NYSE:ALLY). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $47.00 and a low of $22.00, we find $30.00. Given the previous closing price of $26.43, this indicates a potential upside of 13.51 percent. ALLY stock price is now 5.95% away from the 50-day moving average and -5.46% away from the 200-day moving average. The market capitalization of the company currently stands at $8.35B.
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It has been rated a hold by 10 analysts and a buy by 8. Brokers who have rated the stock have averaged $31.63 as their price target over the next twelve months.
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In other news, MAGNER MARJORIE, Director bought 2,000 shares of the company’s stock on Oct 25. The stock was bought for $54,868 at an average price of $27.43. Upon completion of the transaction, the Director now directly owns 55,603 shares in the company, valued at $1.49 million. Insiders disposed of 100,835 shares of company stock worth roughly $2.71 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ALLY stock. A new stake in Ally Financial Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $50,172,000. LUXOR CAPITAL GROUP, LP invested $40,570,000 in shares of ALLY during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in Ally Financial Inc. valued at approximately $29,984,000. TWO SIGMA ADVISERS, LP acquired a new stake in ALLY for approximately $19,784,000. ARTEMIS INVESTMENT MANAGEMENT LLP purchased a new stake in ALLY valued at around $16,977,000 in the second quarter.
Ally Financial Inc. (NYSE: ALLY) opened at $26.64 on Monday. During the past 12 months, Ally Financial Inc. has had a low of $21.58 and a high of $44.33. The fifty day moving average price for ALLY is $25.39 and a two-hundred day moving average price translates $28.40 for the stock.
The latest earnings results from Ally Financial Inc. (NYSE: ALLY) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $0.82, missing analysts’ expectations of $0.87 by -0.05. This compares to $1.86 EPS in the same period last year. The net profit margin was 11.00% and return on equity was 11.70% for ALLY. The company reported revenue of $3.29 billion for the quarter, compared to $2.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.19 percent. For the current quarter, analysts expect ALLY to generate $2.09B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/15/2023. Investors who held shares on 05/01/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 4.46% percent yield. There was an ex-dividend date of 04/28/2023 for this dividend. In terms of dividend payout ratio, ALLY is presently at 29.30%.
