Investing in Ally Financial Inc. (ALLY) Is Getting More Attractive


Ally Financial Inc.’s filing revealed that its Director MAGNER MARJORIE acquired Company’s shares for reported $54868.0 on Oct 25. In the deal valued at $27.43 per share,2,000 shares were bought. As a result of this transaction, MAGNER MARJORIE now holds 55,603 shares worth roughly $ 1.68 million.

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Then, Schugel Jason E. sold 2,500 shares, generating $112,500 in total proceeds. Upon selling the shares at $45.00, the Chief Risk Officer now owns 82,476 shares.

Before that, Timmerman Douglas R. sold 2,916 shares. Ally Financial Inc. shares valued at $143,496 were divested by the President, Auto Finance at a price of $49.21 per share. As a result of the transaction, Timmerman Douglas R. now holds 138,962 shares, worth roughly $4.2 million.

Jefferies downgraded its Ally Financial Inc. [ALLY] rating to a Hold from a a Buy in a research note published on Friday, January 10, 2023; the price target was decreased to $25 from $40. PT values the company’s stock at a premium of -20.88 to its Friday closing price. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “an Underweight” to “a Neutral”. BofA Securities also remained covering ALLY and has decreased its forecast on January 05, 2023 with a “an Underperform” recommendation from previously “Buy” rating. Barclays revised its rating on January 03, 2023. It rated ALLY as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of ALLY

On Friday, Ally Financial Inc. [NYSE:ALLY] saw its stock fall -0.89% to $30.22. On the same session, the stock had its day’s lowest price of $29.55, but rose to a high of $30.25. Over the last five days, the stock has lost -3.42%. Ally Financial Inc. shares have risen nearly 23.60% since the year began. Nevertheless, the stocks have fallen -37.19% over the past one year. While a 52-week high of $50.63 was reached on 02/02/23, a 52-week low of $22.34 was recorded on 01/03/23. SMA at 50 days reached $28.77, while 200 days put it at $31.50. A total of 3.45 million shares were traded, compared to the trading of 3.53 million shares in the previous session.

Levels Of Support And Resistance For ALLY Stock

The 24-hour chart illustrates a support level at 29.76, which if violated will result in even more drops to 29.31. On the upside, there is a resistance level at 30.46. A further resistance level may holdings at 30.71. The Relative Strength Index (RSI) on the 14-day chart is 45.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.78%. Stochastics %K at 12.84% indicates the stock is a buying.

How much short interest is there in Ally Financial Inc.?

A steep rise in short interest was recorded in Ally Financial Inc. stocks on Jan 12, 2023, growing by 5.65 million shares to a total of 18.37 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 12.72 million shares. There was a rise of 30.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.00% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.32.

Ally Financial Inc. [ALLY] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 30,657,415 shares, or roughly 10.27% of the outstanding ALLY shares. In other words, the investor’s shares have fallen by -949,585 from its previous 13-F filing of 31607000.0. Additionally, Berkshire Hathaway, Inc. decreased -0.67% of its stake after which the total value it holdings stand at $968,202,000, while Harris Associates LP reduced -2.98% of its stake to hold $844.66 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -735,893 shares of Ally Financial Inc., while SSgA Funds Management, Inc. sold -311,985 shares. At present, Arrowstreet Capital LP is holding 7,062,564 shares valued at $229.46 million. Dimensional Fund Advisors LP owned 6,811,033 shares of the company at the time of its most recent 13F filing, worth $221.29 million.

According to FactSet, Ally Financial Inc.’s share price will average $33.95 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.79 percent from its previous closing price of $30.49. Analysts expect Ally Financial Inc. stock to reach the higher price of $51.00, while the lowest price estimate is $21.00. However, 21 analysts have rated ALLY stock as a Hold in their predictions for 2023.


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