Ally Financial (NYSE:ALLY) Insider Sells $210,700.00 in Stock

Ally Financial Inc. (NYSE:ALLY) insider Stephanie Richard sold 5,000 shares of Ally Financial stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total value of $210,700.00. Following the completion of the transaction, the insider owned 93,927 shares in the company, valued at $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ally Financial Trading Up 0.5%

Shares of NYSE ALLY opened at $42.82 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $13.13 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 0.26 and a beta of 1.12. Ally Financial Inc. has a 1-year low of $32.50 and a 1-year high of $47.27. The business has a fifty day moving average price of $41.35 and a 200 day moving average price of $41.90.

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Equities research analysts expect that Ally Financial Inc. will post 5.3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Ally Financial’s payout ratio is presently 29.27%.

Institutional Investors Weigh In On Ally Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in Ally Financial by 19.5% during 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 acquiring an additional 2,332,610 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ally Financial by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider’s stock valued at $353,776,000 after purchasing an additional 309,638 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Ally Financial by 11.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,783,947 shares of the financial services provider’s stock worth $266,134,000 after purchasing an additional 712,443 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ally Financial by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock worth $243,795,000 after purchasing an additional 241,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Ally Financial by 0.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock worth $175,137,000 after purchasing an additional 20,198 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ALLY. Deutsche Bank Aktiengesellschaft increased their target price on shares of Ally Financial from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Evercore reaffirmed an “outperform” rating and set a $54.00 price target on shares of Ally Financial in a research report on Tuesday, April 21st. Wall Street Zen upgraded Ally Financial from a “hold” rating to a “buy” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Bank of America boosted their target price on Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Moderate Buy” and a consensus target price of $54.14.

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.