The price of Ally Financial Inc (NYSE:ALLY) shares last traded on Wall Street rose 0.29% to $38.00.
ALLY stock price is now 1.37% away from the 50-day moving average and 22.77% away from the 200-day moving average. The market capitalization of the company currently stands at $11.55B.
With the price target enhanced from $42 to $46, BofA Securities Upgraded its rating from Neutral to Buy for Ally Financial Inc (NYSE: ALLY). On April 03, 2024, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock increasing its target price from $37 to quote $39, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
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 $3.83 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 $3.97 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 $22.54 and a high of $41.56. The fifty day moving average price for ALLY is $37.49 and a two-hundred day moving average price translates $31.01 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 $1.97B in revenue.
Ally Financial Inc(ALLY) Company Profile
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company 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 nursing facilities, senior housing, and medical office buildings. It 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.
