Stocks of Ally Financial Inc (NYSE:ALLY) traded higher last session on Wall Street, down -2.03% to $37.59.
ALLY stock price is now 4.53% away from the 50-day moving average and 25.77% away from the 200-day moving average. The market capitalization of the company currently stands at $11.43B.
With the price target enhanced from $37 to $47, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Ally Financial Inc (NYSE: ALLY). On January 10, 2024, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $47, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, DEBRUNNER DAVID J, VP, CAO, Controller sold 3,750 shares of the company’s stock on Dec 29 ’23. The stock was sold for $131,251 at an average price of $35.00. Upon completion of the transaction, the VP, CAO, Controller now directly owns 100,787 shares in the company, valued at $3.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15 ’23, VP, CAO, Controller DEBRUNNER DAVID J sold 3,750 shares of the business’s stock. A total of $131,250 was realized by selling the stock at an average price of $35.00. This leaves the insider owning 104,537 shares of the company worth $3.93 million. A total of 1.08% of the company’s stock is owned by insiders.
During the past 12 months, Ally Financial Inc has had a low of $21.58 and a high of $38.44. The fifty day moving average price for ALLY is $36.01 and a two-hundred day moving average price translates $29.94 for the stock.
The latest earnings results from Ally Financial Inc (NYSE: ALLY) was released for Dec, 2023. According to the Credit Services Company, earnings per share came in at $0.45, inline with analysts’ expectations of $0.45. This compares to $0.89 EPS in the same period last year. The net profit margin was 5.74% and return on equity was 7.68% for ALLY. The company reported revenue of $3.62 billion for the quarter, compared to $3.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.91 percent. For the current quarter, analysts expect ALLY to generate $1.98B in revenue.
