Key Points
- Ally Financial insider Stephanie Richard sold 5,000 shares on May 15 at an average price of $42.14, totaling about $210,700. After the sale, she still held 93,927 shares, reducing her position by 5.05%.
- Ally Financial recently beat earnings expectations, reporting $1.11 EPS versus the $0.93 consensus and revenue of $2.18 billion, up 36.4% year over year. Analysts now expect the company to post 5.3 EPS for the current year.
- The stock has a positive analyst outlook and pays a dividend, with a consensus rating of “Moderate Buy” and a price target of $54.14. Ally also paid a quarterly dividend of $0.30, equal to a 2.9% annualized yield.
Ally Financial Inc. (NYSE:ALLY - Get Free Report) insider Stephanie Richard sold 5,000 shares of Ally Financial stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the sale, the insider directly owned 93,927 shares of the company's stock, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Ally Financial Stock Performance
Shares of ALLY opened at $40.81 on Wednesday. The stock has a 50-day moving average of $41.16 and a two-hundred day moving average of $41.85. Ally Financial Inc. has a one year low of $32.50 and a one year high of $47.27. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $12.51 billion, a P/E ratio of 9.95, a P/E/G ratio of 0.25 and a beta of 1.12.
Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm's revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 EPS. As a group, research analysts predict that Ally Financial Inc. will post 5.3 EPS for the current year.
Ally Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial's payout ratio is 29.27%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Ally Financial from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Monday, April 20th. The Goldman Sachs Group boosted their price objective on Ally Financial from $50.00 to $56.00 and gave the company a "buy" rating in a report on Monday, April 20th. Weiss Ratings raised Ally Financial from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, May 6th. Wall Street Zen raised Ally Financial from a "hold" rating to a "buy" rating in a report on Monday, May 11th. Finally, Bank of America boosted their price objective on Ally Financial from $51.00 to $52.00 and gave the company a "buy" rating in a report on Friday, April 10th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Ally Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.14.
Check Out Our Latest Analysis on Ally Financial
Hedge Funds Weigh In On Ally Financial
A number of large investors have recently bought and sold shares of ALLY. Norges Bank acquired a new position in Ally Financial in the 4th quarter worth about $157,610,000. Wellington Management Group LLP raised its holdings in Ally Financial by 19.5% in the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider's stock worth $646,347,000 after purchasing an additional 2,332,610 shares during the period. Qube Research & Technologies Ltd raised its holdings in Ally Financial by 8,255.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,230,384 shares of the financial services provider's stock worth $48,231,000 after purchasing an additional 1,215,659 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new position in Ally Financial in the 3rd quarter worth about $45,733,000. Finally, Bank of America Corp DE raised its holdings in Ally Financial by 38.9% in the 2nd quarter. Bank of America Corp DE now owns 3,771,190 shares of the financial services provider's stock worth $146,888,000 after purchasing an additional 1,056,060 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.
About Ally Financial
(
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.
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