Ally Financial Inc. (NYSE:ALLY - Get Free Report) insider Douglas Timmerman sold 39,675 shares of the company's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the sale, the insider owned 477,627 shares in the company, valued at $21,574,411.59. This represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ally Financial Trading Up 2.1%
Ally Financial stock opened at $46.32 on Tuesday. The stock has a market cap of $14.26 billion, a PE ratio of 11.30, a P/E/G ratio of 0.23 and a beta of 1.14. The stock has a 50-day moving average price of $40.12 and a 200 day moving average price of $41.35. Ally Financial Inc. has a 52 week low of $29.91 and a 52 week high of $47.27. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31.
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 company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm earned $0.58 EPS. The firm's quarterly revenue was up 36.4% on a year-over-year basis. Equities research analysts predict that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.
Ally Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Ally Financial's dividend payout ratio is presently 29.27%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Bank of America boosted their price target on Ally Financial from $51.00 to $52.00 and gave the company a "buy" rating in a report on Friday, April 10th. JPMorgan Chase & Co. decreased their price objective on Ally Financial from $48.00 to $46.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Morgan Stanley upped their target price on Ally Financial from $53.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their target price on Ally Financial from $55.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings lowered Ally Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, February 26th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.64.
Read Our Latest Stock Report on ALLY
Institutional Trading of Ally Financial
Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Ally Financial in the 4th quarter worth $29,000. Mather Group LLC. acquired a new stake in Ally Financial during the third quarter worth about $31,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ally Financial in the 4th quarter worth about $35,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Ally Financial in the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ally Financial in the 4th quarter valued at about $38,000. 88.76% of the stock is owned by hedge funds and other institutional investors.
Ally Financial Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
