Ally Financial Inc (NYSE:ALLY) shares traded 0.13% higher at $39.76 on Wall Street last session.
ALLY stock price is now 5.28% away from the 50-day moving average and 26.40% away from the 200-day moving average. The market capitalization of the company currently stands at $12.09B.
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 $4.01 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 $4.16 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.
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 $0.89 EPS in the same period last year. The net profit margin was 4.61% and return on equity was 6.35% 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 $2.02B in revenue.
