Ally Financial Inc. [ALLY] moved down -3.65: Why It’s Important

Ally Financial Inc. [NYSE: ALLY] loss -3.65% or -1.01 points to close at $26.66 with a heavy trading volume of 6034038 shares. The company report on October 27, 2022 that Ally Financial announces date of 2023 annual meeting of stockholders.

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Ally Financial Inc. (NYSE: ALLY) today announced that it will conduct its 2023 annual meeting of stockholders on Wednesday, May 3, 2023. Additional details will be provided in the company’s proxy statement.

About Ally FinancialAlly Financial Inc. (NYSE: ALLY) is a digital financial services company committed to its promise to “Do It Right” for its consumer, commercial and corporate customers. Ally is composed of an industry-leading independent auto finance and insurance operation, an award-winning digital direct bank (Ally Bank, Member FDIC and Equal Housing Lender, which offers mortgage lending, point-of-sale personal lending, and a variety of deposit and other banking products), a consumer credit card business, a corporate finance business for equity sponsors and middle-market companies, and securities brokerage and investment advisory services. Our brand conviction is that we are all better off with an ally, and our focus is on helping our customers achieve their strongest financial well-being, a notion personalized to what is important to them. For more information, please visit and follow @allyfinancial.

It opened the trading session at $27.34, the shares rose to $28.06 and dropped to $26.66, the range by which the price of stock traded the whole day. The daily chart for ALLY points out that the company has recorded -38.84% loss over the past six months. However, it is still -5.25% lower than its most recent low trading price.

If we look at the average trading volume of 4.70M shares, ALLY reached to a volume of 6034038 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $33.34 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 2.30. 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.

Compass Point have made an estimate for Ally Financial Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 26, 2022. The new note on the price target was released on October 20, 2022, representing the official price target for Ally Financial Inc. stock. Previously, the target price had yet another drop from $40 to $28, while Morgan Stanley kept a Equal-Weight rating on ALLY stock.

The Average True Range (ATR) for Ally Financial Inc. is set at 1.30, with the Price to Sales ratio for ALLY stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 24.03.

Trading performance analysis for ALLY stock

Ally Financial Inc. [ALLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.91. With this latest performance, ALLY shares dropped by -13.50% in over the last four-week period, additionally sinking by -38.84% over the last 6 months – not to mention a drop of -45.70% 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 39.44, with the RSI for the last a single of trading hit 38.48, and the three-weeks RSI is set at 40.07 for Ally Financial Inc. [ALLY]. The present Moving Average for the last 50 days of trading for this stock 30.35, while it was recorded at 27.47 for the last single week of trading, and 38.13 for the last 200 days.

Ally Financial Inc. [ALLY]: An earnings per share (EPS) analysis

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 -10.40%.

An analysis of insider ownership at Ally Financial Inc. [ALLY]

There are presently around $7,615 million, or 98.00% of ALLY stock, in the hands of institutional investors. The top three institutional holders of ALLY stocks are: VANGUARD GROUP INC with ownership of 34,244,452, which is approximately -4.546% of the company’s market cap and around 0.60% of the total institutional ownership; BERKSHIRE HATHAWAY INC, holding 30,000,000 shares of the stock with an approximate value of $799.8 million in ALLY stocks shares; and HARRIS ASSOCIATES L P, currently with $713.19 million in ALLY stock with ownership of nearly 0.292% of the company’s market capitalization.

258 institutional holders increased their position in Ally Financial Inc. [NYSE:ALLY] by around 33,276,829 shares. Additionally, 338 investors decreased positions by around 45,235,311 shares, while 65 investors held positions by with 207,131,865 shares. The mentioned changes placed institutional holdings at 285,644,005 shares, according to the latest SEC report filing. ALLY stock had 67 new institutional investments in for a total of 1,548,937 shares, while 106 institutional investors sold positions of 7,064,398 shares during the same period.


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