Why Shares of Ally Financial Inc. (ALLY) Are Going Crazy

Ally Financial Inc. (NYSE: ALLY) is 7.60% higher on its value in year-to-date trading and has touched a low of $10.22 and a high of $38.54 in the current 52-week trading range. The ALLY stock was last observed hovering at around $38.37 in the last trading session, with the day’s gains setting it 1.76% off its average median price target of $44.00 for the next 12 months. It is also 28.34% off the consensus price target high of $56.00 offered by 17 analysts, but current levels are -25.41% lower than the price target low of $32.00 for the same period.


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Currently trading at $40.13, the stock is 13.39% and 24.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.99 million and changing 4.57% at the moment leaves the stock 69.77% off its SMA200. ALLY registered 27.86% gain for a year compared to 6-month gain of 84.29%. The firm has a 50-day simple moving average (SMA 50) of $33.99 and a 200-day simple moving average (SMA200) of $26.75.

The stock witnessed a 11.25% loss in the last 1 month and extending the period to 3 months gives it a 38.37%, and is 7.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.85% over the week and 2.79% over the month.

Ally Financial Inc. (ALLY) has around 8700 employees, a market worth around $14.28B and $9.12B in sales. Current P/E ratio is 18.73 and Fwd P/E is 9.97. Profit margin for the company is 8.50%. Distance from 52-week low is 292.61% and 4.11% from its 52-week high. The company has generated returns on investments over the last 12 months (8.60%).

Ally Financial Inc. (ALLY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ally Financial Inc. (ALLY) is a “Buy”. 17 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 0 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Ally Financial Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $1.03 with sales reaching $1.67B over the same period.The EPS is expected to grow by 50.00% this year, but quarterly earnings will post -0.20% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.

Ally Financial Inc. (ALLY) Top Institutional Holders

654 institutions hold shares in Ally Financial Inc. (ALLY), with 2.49M shares held by insiders accounting for 0.67% while institutional investors hold 98.16% of the company’s shares. The shares outstanding are 375.66M, and float is at 371.37M with Short Float at 2.59%. Institutions hold 97.51% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 34.08 million shares valued at $854.32 million. The investor’s holdings represent 9.12% of the ALLY Shares outstanding. As of Sep 29, 2020, the second largest holder is Harris Associates L.P. with 31.76 million shares valued at $796.23 million to account for 8.50% of the shares outstanding. The other top investors are Blackrock Inc. which holds 31.67 million shares representing 8.47% and valued at over $794.06 million, while Oaktree Capital Management, LP holds 3.83% of the shares totaling 14.32 million with a market value of $358.97 million.

Ally Financial Inc. (ALLY) Insider Activity

A total of 7 insider transactions have happened at Ally Financial Inc. (ALLY) in the last six months, with sales accounting for 4 and purchases happening 3 times. The most recent transaction is an insider sale by DEBRUNNER DAVID J, the company’s VP, CAO, Controller. SEC filings show that DEBRUNNER DAVID J sold 22,500 shares of the company’s common stock on Nov 16 at a price of $30.82 per share for a total of $0.69 million. Following the sale, the insider now owns 87079.0 shares.

Ally Financial Inc. disclosed in a document filed with the SEC on Oct 20 that Brown Jeffrey Jonathan (Chief Executive Officer) sold a total of 17,300 shares of the company’s common stock. The trade occurred on Oct 20 and was made at $29.02 per share for $0.5 million. Following the transaction, the insider now directly holds 0.71 million shares of the ALLY stock.

Still, SEC filings show that on Apr 24, Clark Mayree C (Director) acquired 15,000 shares at an average price of $14.25 for $0.21 million. The insider now directly holds 65,880 shares of Ally Financial Inc. (ALLY).

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Ally Financial Inc. (ALLY): Who are the competitors?

The company’s main competitors (and peers) include CIT Group Inc. (CIT) that is trading -11.09% down over the past 12 months. Consumer Portfolio Services Inc. (CPSS) is 31.29% up on the 1-year trading charts. Short interest in the company’s stock has risen 12.22% from the last report on Nov 29, 2020 to stand at a total of 7.54 million short shares sold with a short interest ratio of 1.7.

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