Key Points
- Ally Financial insider Stephanie Richard sold 5,000 shares at an average price of $44.23, generating $221,150. Following the transaction, her stake fell 5.32% to 88,927 shares.
- Ally Financial recently reported quarterly revenue of $2.28 billion, up 9.8% year over year, though earnings per share of $1.21 narrowly missed analyst expectations. The company declared a $0.30 quarterly dividend, implying a 2.7% annualized yield.
- Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and a $53.64 price target; institutional investors own 88.76% of the company’s stock.
Ally Financial Inc. (NYSE:ALLY - Get Free Report) insider Stephanie Richard sold 5,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the sale, the insider owned 88,927 shares of the company's stock, valued at $3,933,241.21. This trade represents a 5.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ally Financial Trading Down 0.5%
Shares of ALLY stock opened at $44.76 on Thursday. The company has a market capitalization of $13.62 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.28 and a beta of 1.10. Ally Financial Inc. has a 12-month low of $35.92 and a 12-month high of $47.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $44.55 and a 200 day moving average price of $42.52.
Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.01). Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Ally Financial's quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts forecast that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.
Ally Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 31st. Ally Financial's dividend payout ratio (DPR) is currently 28.30%.
Analyst Ratings Changes
Several analysts have recently commented on ALLY shares. Citigroup decreased their target price on Ally Financial from $70.00 to $58.00 and set a "buy" rating on the stock in a report on Tuesday, June 23rd. Royal Bank Of Canada increased their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. Weiss Ratings raised shares of Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Wells Fargo & Company upped their target price on shares of Ally Financial from $52.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, June 26th. Finally, Morgan Stanley raised their price target 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. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.64.
View Our Latest Stock Report on ALLY
Institutional Investors Weigh In On Ally Financial
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oldfield Partners LLP lifted its stake in Ally Financial by 27.4% in the second quarter. Oldfield Partners LLP now owns 1,615,100 shares of the financial services provider's stock valued at $74,214,000 after buying an additional 347,700 shares during the period. Oliver Luxxe Assets LLC grew its position in shares of Ally Financial by 36.6% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 11,639 shares of the financial services provider's stock worth $535,000 after buying an additional 3,121 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Ally Financial by 75.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 895,286 shares of the financial services provider's stock worth $41,138,000 after buying an additional 385,311 shares during the period. GAMMA Investing LLC increased its stake in shares of Ally Financial by 16.2% in the 2nd quarter. GAMMA Investing LLC now owns 12,097 shares of the financial services provider's stock valued at $556,000 after acquiring an additional 1,690 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Ally Financial by 17.5% in the 2nd quarter. Versant Capital Management Inc now owns 6,869 shares of the financial services provider's stock valued at $316,000 after acquiring an additional 1,023 shares during the last quarter. Institutional investors 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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