Insider Selling: Ally Financial Inc. (NYSE:ALLY) Insider Sells 8,000 Shares of Stock

Ally Financial Inc. (NYSE:ALLY) insider Stephanie N. Richard sold 8,000 shares of the company’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the transaction, the insider now directly owns 90,387 shares in the company, valued at approximately $2,905,038.18. The trade was a 8.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Ally Financial Trading Up 2.8 %

Shares of ALLY opened at $33.21 on Friday. The stock has a market capitalization of $10.20 billion, a P/E ratio of 12.77, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a fifty day simple moving average of $34.03 and a two-hundred day simple moving average of $35.99.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter in the previous year, the business earned $0.45 EPS. On average, research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s payout ratio is 88.24%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley reduced their target price on Ally Financial from $45.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research report on Monday, April 21st. Bank of America dropped their target price on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group increased their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, April 1st. Finally, Compass Point raised shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and an average price target of $41.69.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ALLY. Tidal Investments LLC boosted its stake in shares of Ally Financial by 1.1% during the 4th quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 280 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Ally Financial by 4.9% during the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 297 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Ally Financial by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 320 shares during the period. Signet Financial Management LLC raised its position in shares of Ally Financial by 5.6% in the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 357 shares in the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Ally Financial by 5.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 359 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.