The stock of Ally Financial Inc (NYSE:ALLY) last traded at $39.84, down -1.51% from the previous session.
ALLY stock price is now 1.28% away from the 50-day moving average and 16.54% away from the 200-day moving average. The market capitalization of the company currently stands at $12.11B.
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With the price target of $50, Citigroup recently initiated with Buy rating for Ally Financial Inc (NYSE: ALLY). On June 07, 2024, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $51, while ‘BofA Securities’ rates the stock as ‘Buy’
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 $4.02 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 0.91% 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 $41.77. According to the stock market information, the enterprise value for the company is $23411611648, which is based on a 16.29 price-to-earnings ratio, a 0.59 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for ALLY is $39.3396 and a two-hundred day moving average price translates $34.24295 for the stock.
The latest earnings results from Ally Financial Inc (NYSE: ALLY) was released for 2024-03-31. The net profit margin was 4.61% and return on equity was 6.35% for ALLY. The company reported revenue of $3.58 billion for the quarter, compared to $3.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.01 percent.
