Ally Financial Inc [NYSE: ALLY] plunged by -$0.42 during the normal trading session on while it closed the day at $32.13. The company report on January 16, 2024 at 9:00 AM that Ally Financial declares dividend on common stock and Series B and Series C preferred stock.
The board of directors of Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.30 per share of the company’s common stock, payable on February 15, 2024, to stockholders of record on February 1, 2024, as well as quarterly dividend payments for the company’s Series B and Series C preferred stock securities, payable on February 15, 2024.
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A quarterly dividend payment was declared on Ally’s 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is payable to shareholders of record as of January 31, 2024. Additionally, a dividend payment was declared on Ally’s 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, of approximately $11.8 million, or $11.75 per share, and is payable to shareholders of record as of January 31, 2024.
Ally Financial Inc stock has also loss -5.39% of its value over the past 7 days. However, ALLY stock has inclined by 26.50% in the 3 months of the year. Over the past six months meanwhile, it has gained 8.33% and lost -7.99% year-on date.
The market cap for ALLY stock reached $9.69 billion, with 299.32 million shares outstanding and 298.47 million shares in the current float. Compared to the average trading volume of 4.41M shares, ALLY reached a trading volume of 7426287 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $36.68 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 2.70. 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.
Deutsche Bank have made an estimate for Ally Financial Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 10, 2024.
The Average True Range (ATR) for Ally Financial Inc is set at 0.91, with the Price to Sales ratio for ALLY stock in the period of the last 12 months amounting to 0.63. The Price to Book ratio for the last quarter was 0.92. Price to Free Cash Flow for ALLY in the course of the last twelve months was 3.92.
ALLY stock trade performance evaluation
Ally Financial Inc [ALLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.39. With this latest performance, ALLY shares dropped by -7.88% in over the last four-week period, additionally plugging by 8.33% over the last 6 months – not to mention a rise of 18.82% 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 43.53, with the RSI for the last a single of trading hit 31.79, and the three-weeks RSI is set at 49.82 for Ally Financial Inc [ALLY]. The present Moving Average for the last 50 days of trading for this stock 30.95, while it was recorded at 32.87 for the last single week of trading, and 27.87 for the last 200 days.
Ally Financial Inc [ALLY]: An insightful look at the core fundamentals
Ally Financial Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.93.
Earnings per share (EPS) analysis for Ally Financial Inc [ALLY] stock
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 -2.87%.
Ally Financial Inc [ALLY]: Institutional Ownership
The top three institutional holders of ALLY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ALLY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ALLY stock with ownership which is approximately 5.8325%.
