Ally Financial Stock Forecast, Price & News

Ally Financial's stock was trading at $20.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ALLY stock has increased by 50.0% and is now trading at $31.07.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ally Financial in the last year. There are currently 1 sell rating, 3 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ally Financial.

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Ally Financial is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Ally Financial.

Ally Financial Inc. (NYSE:ALLY) announced its quarterly earnings results on Friday, October, 16th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.53. The financial services provider earned $1.68 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ally Financial had a net margin of 12.22% and a return on equity of 6.43%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS.
View Ally Financial's earnings history.

Ally Financial announced a quarterly dividend on Thursday, October 8th. Investors of record on Friday, October 30th will be given a dividend of $0.19 per share on Friday, November 13th. This represents a $0.76 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, October 29th.
View Ally Financial's dividend history.

Ally Financial declared that its Board of Directors has authorized a share buyback plan on Monday, April 1st 2019, which permits the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 10.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

18 equities research analysts have issued 12 month price objectives for Ally Financial's shares. Their forecasts range from $12.00 to $38.00. On average, they anticipate Ally Financial's share price to reach $28.33 in the next year. This suggests that the stock has a possible downside of 8.8%.
View analysts' price targets for Ally Financial.

Ally Financial saw a decline in short interest in the month of October. As of October 30th, there was short interest totaling 7,050,000 shares, a decline of 23.6% from the October 15th total of 9,230,000 shares. Based on an average daily volume of 4,940,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.9% of the shares of the stock are sold short.
View Ally Financial's Short Interest.

Some companies that are related to Ally Financial include Banco Bradesco (BBD), Banco Bradesco (BBDO), The Bank of New York Mellon (BK), State Street (STT), Deutsche Bank Aktiengesellschaft (DB), Northern Trust (NTRS), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), Citizens Financial Group (CFG), Commerce Bancshares (CBSH), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Western Alliance Bancorporation (WAL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ally Financial investors own include AT&T (T), Bank of America (BAC), Alibaba Group (BABA), Delta Air Lines (DAL), CVS Health (CVS), Ford Motor (F), JPMorgan Chase & Co. (JPM), Wells Fargo & Company (WFC), The Walt Disney (DIS) and Exxon Mobil (XOM).

Ally Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALLY."

Ally Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.47%), Great West Life Assurance Co. Can (3.80%), State Street Corp (2.79%), Platinum Investment Management Ltd. (1.83%), Magnolia Group LLC (1.81%) and Morgan Stanley (1.67%). Company insiders that own Ally Financial stock include David J Debrunner, Diane E Morais, Franklin W Iv Hobbs, Jeffrey Jonathan Brown, Mayree C Clark and Michael F Steib.
View institutional ownership trends for Ally Financial.

ALLY stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wedge Capital Management L L P NC, MUFG Securities EMEA plc, AJO LP, AQR Capital Management LLC, Platinum Investment Management Ltd., State of Michigan Retirement System, and Teacher Retirement System of Texas. Company insiders that have sold Ally Financial company stock in the last year include David J Debrunner, and Jeffrey Jonathan Brown.
View insider buying and selling activity for Ally Financial.

ALLY stock was bought by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Sixth Street Partners Management Company L.P., Morgan Stanley, Arrowstreet Capital Limited Partnership, Azora Capital LP, Assenagon Asset Management S.A., Charles Schwab Investment Management Inc., and Ninety One UK Ltd. Company insiders that have bought Ally Financial stock in the last two years include Franklin W Iv Hobbs, Mayree C Clark, and Michael F Steib.
View insider buying and selling activity for Ally Financial.

Shares of ALLY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ALLY stock can currently be purchased for approximately $31.07.

Ally Financial has a market capitalization of $11.62 billion and generates $6.39 billion in revenue each year. The financial services provider earns $1.72 billion in net income (profit) each year or $3.72 on an earnings per share basis. Ally Financial employs 8,700 workers across the globe.

The official website for Ally Financial is www.ally.com.

Ally Financial's mailing address is 500 WOODWARD AVE. FLOOR 10, DETROIT MI, 48226. The financial services provider can be reached via phone at 866-710-4623 or via email at [email protected]