Ally Financial Inc (NYSE:ALLY) shares traded -3.20% lower at $24.84 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 $45.00 and a low of $21.00, we find $31.00. Given the previous closing price of $25.66, this indicates a potential upside of 20.81 percent. ALLY stock price is now -11.05% away from the 50-day moving average and -9.67% away from the 200-day moving average. The market capitalization of the company currently stands at $7.49B.
It has been rated a hold by 11 analysts and a buy by 6. Brokers who have rated the stock have averaged $31.50 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 $1.38 million. Insiders disposed of 100,835 shares of company stock worth roughly $2.5 million over the past 1 year. A total of 0.85% 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 $29,418,000. SWISS NATIONAL BANK invested $24,182,000 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 $15,750,000. RBF CAPITAL, LLC acquired a new stake in ALLY for approximately $5,589,000. WEISS MULTI-STRATEGY ADVISERS LLC purchased a new stake in ALLY valued at around $4,945,000 in the second quarter. In total, there are 743 active investors with 87.68% ownership of the company’s stock.
Ally Financial Inc (NYSE: ALLY) opened at $25.46 on Tuesday. 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 $27.83 and a two-hundred day moving average price translates $27.50 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 7.80% and return on equity was 8.92% 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 $1.19 dividend and a 4.77% 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 23.84%.
