Stocks of Ally Financial Inc (NYSE:ALLY) traded higher last session on Wall Street, down -2.32% to $22.76.
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 $40.00 and a low of $20.50, we find $29.00. Given the previous closing price of $23.30, this indicates a potential upside of 24.46 percent. ALLY stock price is now -14.46% away from the 50-day moving average and -17.39% away from the 200-day moving average. The market capitalization of the company currently stands at $6.86B.
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 $29.81 as their price target over the next twelve months.
Insiders disposed of 100,835 shares of company stock worth roughly $2.3 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 $26,954,000. SWISS NATIONAL BANK invested $22,157,000 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 $14,431,000. RBF CAPITAL, LLC acquired a new stake in ALLY for approximately $5,121,000. WEISS MULTI-STRATEGY ADVISERS LLC purchased a new stake in ALLY valued at around $4,531,000 in the second quarter. In total, there are 743 active investors with 87.76% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $23.41 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 $26.50 and a two-hundred day moving average price translates $27.53 for the stock.
The latest earnings results from Ally Financial Inc (NYSE: ALLY) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $0.83, beating analysts’ expectations of $0.8 by 0.03. This compares to $0.88 EPS in the same period last year. The net profit margin was 7.29% and return on equity was 9.68% for ALLY. The company reported revenue of $3.6 billion for the quarter, compared to $2.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.21 percent. For the current quarter, analysts expect ALLY to generate $2.03B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/15/2023. Investors who held shares on 11/01/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.18 dividend and a 5.20% percent yield. There was an ex-dividend date of 10/31/2023 for this dividend. In terms of dividend payout ratio, ALLY is presently at 23.84%.
Ally Financial Inc(ALLY) Company Profile
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers’ vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.
