Ally Financial Inc. (NYSE:ALLY) has made a 53.79% comeback from a 12-month low price of $20.6. It was seen 0.89% higher, changing the price to $31.68, when the closing bell rang on 7/11/2019. At a recent session, the prices were hovering between $31.43 and $31.74. This company shares are 8.9% off its target price of $34.5 and the current market capitalization stands at $12.8B. The recent change has given its price a 6.14% lead over SMA 50 and -0.06% deficit over its 52-week high. The stock witnessed 6.56% gains, 8.64% gains and 30.75% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ALLY’s volatility during a week at 1.26% and during a month it has been found around 1.31%.
What Does Ally Financial Inc. (ALLY) Do?
The company describes itself in regulatory filings as, “Ally Financial, Inc. is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers retail installment sales contracts, loans and leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to companies, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles and equipment, and vehicle remarketing services. The Insurance Operations segment focuses on finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. The Mortgage Finance Operations segment consists of the management of a held-for-investment consumer mortgage finance loan portfolio, which includes bulk purchases of jumbo and LMI mortgage loans originated by third parties. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to mostly United States based middle market companies focuses on businesses owned by private equity sponsors with loans typically used for leveraged buyouts, mergers and acquisitions, debt refinancing, restructurings, and working capital. The company was founded in 1919 and is headquartered in Detroit, MI.” [Text can be found here: https://www.marketwatch.com/investing/stock/ALLY/profile under company description.]Ally Financial Inc. (ALLY) Top Holders
Institutional investors currently hold around $12.34 billion or 0% in ALLY stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.21 billion in Ally Financial Inc., which represents roughly 9.48% of the company’s market cap and approximately 9.83% of the institutional ownership. Similar statistics are true for the second largest owner, Harris Associates L P, which owns 37,665,091 shares of the stock are valued at $1.18 billion. The third largest holder is Blackrock Inc., which currently holds $866.9 million worth of this stock and that ownership represents nearly 6.77% of its market capitalization.Ally Financial Inc. 13F Filings
At the end of March reporting period, 201 institutional holders increased their position in Ally Financial Inc. (NYSE:ALLY) by some 24,649,293 shares, 217 decreased positions by 40,139,396 and 47 held positions by 328,289,835. That puts total institutional holdings at 393,078,524 shares, according to SEC filings. The stock grabbed 57 new institutional investments totaling 4,323,663 shares while 53 institutional investors sold out their entire positions totaling 8,951,120 shares.Ally Financial Inc. (NYSE:ALLY) Insider Trades
Multiple company employees have indulged in significant insider trading. Ally Financial Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP, CAO, Controller DEBRUNNER DAVID J has sold 2,222 shares of Ally Financial Inc. (ALLY) in the trading session dated Jul. 01, 2019. These shares are worth $69,593 and were traded at $31.32 each. The SEC filing shows that DEBRUNNER DAVID J performed a sale of 2,222 shares. The VP, CAO, Controller disposed these shares by way of transaction on Jun. 03, 2019. The company’s shares were given away at $28.8 per share worth to an income of some $63,994 to the account of DEBRUNNER DAVID J.
Director, Clark Mayree C, purchased 5,000 common shares of Ally Financial Inc. (ALLY) in the open market. In a transaction dated May. 02, 2019, the shares were bought at an average price of $29.71, giving away a sum of $148,550. After this purchase, 46,248 common shares of ALLY are directly owned by the insider, with total stake valued at $1,465,137.
In the transaction dated May. 01, 2019, a great number of shares sold came courtesy the VP, CAO, Controller; DEBRUNNER DAVID J disposed a total of 2,222 shares at an average price of $29.8, amounting to approximately $66,216. The insider now directly owns 110,201 shares worth $3,491,168.Ally Financial Inc. (ALLY) Analyst Guide
Several analysts have released their opinion on Ally Financial Inc. (NYSE:ALLY), with 8 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.74 average brokerage recommendation [T1].