Stocks of Ally Financial Inc. (NYSE:ALLY) traded higher last session on Wall Street, up 2.75% to $27.69.
According to the data, Ally Financial Inc. (NYSE:ALLY) has 21 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $21.00, we find $32.00. Given the previous closing price of $26.95, this indicates a potential upside of 18.74 percent. ALLY stock price is now -0.44% away from the 50-day moving average and 1.25% away from the 200-day moving average. The market capitalization of the company currently stands at $8.53B.
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A total of 11 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $31.61 as their price target over the next twelve months.
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 $1.54 million. Insiders disposed of 100,835 shares of company stock worth roughly $2.79 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 QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $32,793,000. SWISS NATIONAL BANK invested $26,957,000 in shares of ALLY during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Ally Financial Inc. valued at approximately $17,557,000. RBF CAPITAL, LLC acquired a new stake in ALLY for approximately $6,230,000. WEISS MULTI-STRATEGY ADVISERS LLC purchased a new stake in ALLY valued at around $5,513,000 in the second quarter. In total, there are 743 active investors with 94.90% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $26.88 for Ally Financial Inc. (NYSE: ALLY). During the past 12 months, Ally Financial Inc. has had a low of $21.58 and a high of $35.78. The fifty day moving average price for ALLY is $27.81 and a two-hundred day moving average price translates $27.35 for the stock.
The latest earnings results from Ally Financial Inc. (NYSE: ALLY) was released for Jun, 2023. According to the Credit Services Company, earnings per share came in at $0.96, beating analysts’ expectations of $0.92 by 0.04. This compares to $1.40 EPS in the same period last year. The net profit margin was 8.80% and return on equity was 10.40% for ALLY. The company reported revenue of $3.45 billion for the quarter, compared to $2.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.98 percent. For the current quarter, analysts expect ALLY to generate $2.06B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 08/01/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 4.33% percent yield. There was an ex-dividend date of 07/31/2023 for this dividend. In terms of dividend payout ratio, ALLY is presently at 32.70%.
