Ally Financial Inc. [ALLY] Revenue clocked in at $9.78 billion, down -45.96% YTD: What’s Next?

Ally Financial Inc. [NYSE: ALLY] jumped around 0.72 points on Monday, while shares priced at $25.73 at the close of the session, up 2.88%. The company report on November 17, 2022 that Ally and the Congressional Black Caucus Foundation announce the 2022 Ally Legal and Public Policy Scholars.

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Scholarship and mentorship program aimed at enhancing career pathways for Black students pursing legal and public policy degrees.

Ally Financial Inc. (NYSE: ALLY) and The Congressional Black Caucus Foundation, Inc. (CBCF) today announced the 2022 cohort of Ally Legal and Public Policy Scholars. Ally launched the scholarship and mentoring program with CBCF in 2021 to support Black students seeking careers in law and public policy. Once fully implemented, Ally’s financial commitment under the program will total up to $260,000 annually.

Ally Financial Inc. stock is now -45.96% down from its year-to-date (YTD) trading value. ALLY Stock saw the intraday high of $25.80 and lowest of $24.75 per share. The company’s 52-week high price is 53.83, which means current price is +5.24% above from all time high which was touched on 01/13/22.

Compared to the average trading volume of 5.11M shares, ALLY reached a trading volume of 6334000 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 $32.45 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.

Morgan Stanley have made an estimate for Ally Financial Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 01, 2022. The new note on the price target was released on October 26, 2022, representing the official price target for Ally Financial Inc. stock. Previously, the target price had yet another raise to $23, while Wells Fargo analysts kept a Underweight rating on ALLY stock. On October 20, 2022, analysts decreased their price target for ALLY shares from 40 to 28.

The Average True Range (ATR) for Ally Financial Inc. is set at 1.05, with the Price to Sales ratio for ALLY stock in the period of the last 12 months amounting to 0.78. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 25.81. Price to Free Cash Flow for ALLY in the course of the last twelve months was 3.98.

How has ALLY stock performed recently?

Ally Financial Inc. [ALLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.51. With this latest performance, ALLY shares dropped by -10.29% in over the last four-week period, additionally sinking by -25.16% over the last 6 months – not to mention a drop of -47.09% 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 46.08, with the RSI for the last a single of trading hit 48.15, and the three-weeks RSI is set at 45.09 for Ally Financial Inc. [ALLY]. The present Moving Average for the last 50 days of trading for this stock 27.20, while it was recorded at 25.19 for the last single week of trading, and 35.10 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and Ally Financial Inc. [ALLY] shares currently have an operating margin of +32.76. Ally Financial Inc.’s Net Margin is presently recorded at +28.57.

Return on Equity for this stock inclined to 19.31, with Return on Assets sitting at 1.67.

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 -10.40%.

Insider trade positions for Ally Financial Inc. [ALLY]

There are presently around $7,066 million, or 94.90% of ALLY stock, in the hands of institutional investors. The top three institutional holders of ALLY stocks are: VANGUARD GROUP INC with ownership of 32,384,251, which is approximately -5.432% of the company’s market cap and around 0.10% of the total institutional ownership; BERKSHIRE HATHAWAY INC, holding 30,000,000 shares of the stock with an approximate value of $771.9 million in ALLY stocks shares; and HARRIS ASSOCIATES L P, currently with $689.47 million in ALLY stock with ownership of nearly 0.169% of the company’s market capitalization.

Positions in Ally Financial Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 256 institutional holders increased their position in Ally Financial Inc. [NYSE:ALLY] by around 13,921,659 shares. Additionally, 317 investors decreased positions by around 25,325,746 shares, while 67 investors held positions by with 235,374,526 shares. The mentioned changes placed institutional holdings at 274,621,931 shares, according to the latest SEC report filing. ALLY stock had 71 new institutional investments in for a total of 4,531,846 shares, while 105 institutional investors sold positions of 5,920,954 shares during the same period.


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