Stephanie Richard Sells 5,000 Shares of Ally Financial (NYSE:ALLY) Stock
by Amy Steele · The Cerbat GemAlly Financial Inc. (NYSE:ALLY – Get Free Report) insider Stephanie Richard sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the sale, the insider owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Ally Financial Trading Down 3.1%
Ally Financial stock traded down $1.31 during trading on Tuesday, reaching $40.81. The company had a trading volume of 3,412,736 shares, compared to its average volume of 3,695,274. Ally Financial Inc. has a 12-month low of $32.50 and a 12-month high of $47.27. The stock’s 50 day moving average price is $41.11 and its two-hundred day moving average price is $41.84. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93.
Ally Financial (NYSE:ALLY – Get Free Report) last released its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. Ally Financial’s revenue was up 36.4% compared to the same quarter last year. As a group, equities analysts expect that Ally Financial Inc. will post 5.3 earnings per share for the current fiscal year.
Ally Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, May 1st. Ally Financial’s payout ratio is presently 29.27%.
Institutional Investors Weigh In On Ally Financial
Institutional investors have recently bought and sold shares of the business. Chung Wu Investment Group LLC lifted its position in shares of Ally Financial by 224.1% during the third quarter. Chung Wu Investment Group LLC now owns 38,890 shares of the financial services provider’s stock worth $1,524,000 after purchasing an additional 26,890 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of Ally Financial by 21,520.9% during the third quarter. NewSquare Capital LLC now owns 27,891 shares of the financial services provider’s stock worth $1,093,000 after purchasing an additional 27,762 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ally Financial during the third quarter worth $1,194,000. Prana Capital Management LP lifted its position in shares of Ally Financial by 177.3% during the third quarter. Prana Capital Management LP now owns 178,762 shares of the financial services provider’s stock worth $7,007,000 after purchasing an additional 114,305 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Ally Financial by 7.5% during the third quarter. Principal Financial Group Inc. now owns 674,471 shares of the financial services provider’s stock worth $26,439,000 after purchasing an additional 47,184 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ALLY has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Ally Financial from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Bank of America boosted their price objective on shares of Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Barclays boosted their price objective on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, Evercore reiterated an “outperform” rating and set a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.14.
View Our Latest Stock Report on Ally Financial
Ally Financial Company Profile
Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.
In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.