Ally Financial Inc. [ALLY] Stock trading around $53.08 per share: What’s Next?

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Ally Financial Inc. [NYSE: ALLY] traded at a low on 05/25/21, posting a -0.80 loss after which it closed the day’ session at $53.08. The company report on May 20, 2021 that Ally and NASCAR’s Alex Bowman reveal paint scheme to honor fallen Marine and aid veteran mental health.

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— Bowman’s Memorial Day paint scheme pays tribute to Marine Captain Matthew H. Brewer, who suffered from what his family believes was Chronic Traumatic Encephalopathy (CTE).


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— As part of the NASCAR Salutes initiative and Mental Health Awareness Month, Ally will make donations to the Concussion Legacy Foundation and USO.

The results of the trading session contributed to over 3785553 shares changing hands. Over the past one week, the price volatility of Ally Financial Inc. stands at 2.50% while the volatility over the past one month is 2.43%.

The market cap for ALLY stock reached $19.52 billion, with 375.23 million shares outstanding and 366.52 million shares in the current float. Compared to the average trading volume of 4.01M shares, ALLY reached a trading volume of 3785553 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Ally Financial Inc. [ALLY]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALLY shares is $59.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALLY stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Ally Financial Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 12, 2021. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on April 09, 2021, representing the official price target for Ally Financial Inc. stock. Previously, the target price had yet another raise to $48, while Barclays analysts kept a Overweight rating on ALLY stock.

The Average True Range (ATR) for Ally Financial Inc. is set at 1.43, with the Price to Sales ratio for ALLY stock in the period of the last 12 months amounting to 2.29. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 48.31.

How has ALLY stock performed recently?

Ally Financial Inc. [ALLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.17. With this latest performance, ALLY shares gained by 7.08% in over the last four-week period, additionally plugging by 83.16% over the last 6 months – not to mention a rise of 213.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALLY stock in for the last two-week period is set at 58.66, with the RSI for the last a single of trading hit 55.24, and the three-weeks RSI is set at 60.34 for Ally Financial Inc. [ALLY]. The present Moving Average for the last 50 days of trading for this stock 49.12, while it was recorded at 53.16 for the last single week of trading, and 36.37 for the last 200 days.

Ally Financial Inc. [ALLY]: Deeper insight into the fundamentals

Earnings analysis for Ally Financial Inc. [ALLY]

With the latest financial reports released by the company, Ally Financial Inc. posted 0.61/share EPS, while the average EPS was predicted by analysts to be reported at 0.28/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 117.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ally Financial Inc. go to 7.33%.

Insider trade positions for Ally Financial Inc. [ALLY]

There are presently around $18,889 million, or 98.60% of ALLY stock, in the hands of institutional investors. The top three institutional holders of ALLY stocks are: VANGUARD GROUP INC with ownership of 37,273,813, which is approximately 7.73% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 30,404,922 shares of the stock with an approximate value of $1.61 billion in ALLY stocks shares; and HARRIS ASSOCIATES L P, currently with $1.34 billion in ALLY stock with ownership of nearly -10.554% of the company’s market capitalization.

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297 institutional holders increased their position in Ally Financial Inc. [NYSE:ALLY] by around 51,612,315 shares. Additionally, 227 investors decreased positions by around 46,375,949 shares, while 58 investors held positions by with 257,869,362 shares. The mentioned changes placed institutional holdings at 355,857,626 shares, according to the latest SEC report filing. ALLY stock had 99 new institutional investments in for a total of 6,269,005 shares, while 45 institutional investors sold positions of 5,005,994 shares during the same period.

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