Ally Financial Inc. [NYSE: ALLY] traded at a low on 10/13/21, posting a -0.94 loss after which it closed the day’ session at $52.42. The company report on October 13, 2021 that AM Best Affirms Credit Ratings for Members of Ally Insurance Group.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) for the members of Ally Insurance Group (Ally Insurance). The members include Motors Insurance Corporation and its reinsured subsidiaries, MIC Property and Casualty Insurance Corporation and CIM Insurance Corporation, as well as an affiliate, Ally International Insurance Company Ltd. (AIICL). All companies are domiciled in Detroit, MI, except AIICL, which is domiciled in Bermuda. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Ally Insurance’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect drag from the ultimate parent, Ally Financial Inc. [NYSE: ALLY], a bank holding company that is headquartered in Detroit, MI.
The results of the trading session contributed to over 2931590 shares changing hands. Over the past one week, the price volatility of Ally Financial Inc. stands at 2.60% while the volatility over the past one month is 2.37%.
The market cap for ALLY stock reached $18.89 billion, with 370.41 million shares outstanding and 359.00 million shares in the current float. Compared to the average trading volume of 2.90M shares, ALLY reached a trading volume of 2931590 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 $65.30 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 1.80. 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.
Stephens have made an estimate for Ally Financial Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 07, 2021. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on May 27, 2021, representing the official price target for Ally Financial Inc. stock. Previously, the target price had yet another raise to $64, while BofA Securities analysts kept a Buy rating on ALLY stock.
The Average True Range (ATR) for Ally Financial Inc. is set at 1.35, with the Price to Sales ratio for ALLY stock in the period of the last 12 months amounting to 2.23. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 44.08.
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 -2.37. With this latest performance, ALLY shares gained by 1.31% in over the last four-week period, additionally plugging by 10.03% over the last 6 months – not to mention a rise of 89.93% 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 49.93, with the RSI for the last a single of trading hit 48.42, and the three-weeks RSI is set at 50.43 for Ally Financial Inc. [ALLY]. The present Moving Average for the last 50 days of trading for this stock 52.30, while it was recorded at 52.75 for the last single week of trading, and 48.39 for the last 200 days.
Ally Financial Inc. [ALLY]: Deeper insight into the fundamentals
Earnings analysis for Ally Financial Inc. [ALLY]
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 $17,876 million, or 96.40% of ALLY stock, in the hands of institutional investors. The top three institutional holders of ALLY stocks are: VANGUARD GROUP INC with ownership of 37,790,509, which is approximately 1.386% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 32,165,112 shares of the stock with an approximate value of $1.69 billion in ALLY stocks shares; and HARRIS ASSOCIATES L P, currently with $1.27 billion in ALLY stock with ownership of nearly -3.992% of the company’s market capitalization.
338 institutional holders increased their position in Ally Financial Inc. [NYSE:ALLY] by around 26,584,934 shares. Additionally, 242 investors decreased positions by around 41,922,613 shares, while 71 investors held positions by with 272,516,855 shares. The mentioned changes placed institutional holdings at 341,024,402 shares, according to the latest SEC report filing. ALLY stock had 109 new institutional investments in for a total of 4,212,872 shares, while 50 institutional investors sold positions of 4,260,976 shares during the same period.