Ally Financial Inc (ALLY) concluded trading on Thursday at a closing price of $36.99, with 4.1 million shares of worth about $151.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.81% during that period and on Thursday the price saw a gain of about 2.10%. Currently the company’s common shares owned by public are about 302.46M shares, out of which, 300.64M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 781,405 shares in 28 of the transactions. In 6 selling transactions, insiders dumped 10,167 shares.
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Stock saw a price change of 2.75% in past 5 days and over the past one month there was a price change of -1.57%. Year-to-date (YTD), ALLY shares are showing a performance of 5.93% which increased to 23.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.58 but also hit the highest price of $38.03 during that period. The average intraday trading volume for Ally Financial Inc shares is 4.37 million. The stock is currently trading 2.04% above its 20-day simple moving average (SMA20), while that difference is up 4.37% for SMA50 and it goes to 26.08% higher than SMA200.
Ally Financial Inc (NYSE: ALLY) currently have 302.46M outstanding shares and institutions hold larger chunk of about 89.35% of that.
The stock has a current market capitalization of $11.24B and its 3Y-monthly beta is at 1.38. PE ratio of stock for trailing 12 months is 12.38, while it has posted earnings per share of $2.99 in the same period. It has a debt-to-equity ratio of 1.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALLY, volatility over the week remained 1.94% while standing at 2.48% over the month.
Analysts are in expectations that Ally Financial Inc (ALLY) stock would likely to be making an EPS of $0.51 in the current quarter, while forecast for next quarter EPS is $0.72 and it is $5.37 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.27 which is $0.67 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.82 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.80% while it is estimated to increase by 67.85% in next year. EPS is likely to shrink at an annualized rate of -3.60% for next 5-years, compared to annual growth of 0.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on February 08, 2024 offering an Overweight rating for the stock and assigned a target price range of between $37 and $47 to it. Coverage by Deutsche Bank stated Ally Financial Inc (ALLY) stock as a Buy in their note to investors on January 10, 2024, suggesting a price target of $47 for the stock. Stock get an Equal-weight rating from Morgan Stanley on December 13, 2023.
