Ally Financial Inc. (NYSE:ALLY – Get Free Report) insider Stephanie Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the transaction, the insider directly owned 88,927 shares in the company, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ally Financial Price Performance
ALLY stock opened at $43.70 on Friday. The company has a market capitalization of $13.29 billion, a P/E ratio of 10.31, a PEG ratio of 0.27 and a beta of 1.10. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29. The business has a 50 day simple moving average of $44.59 and a 200-day simple moving average of $42.54. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26.
Ally Financial (NYSE:ALLY – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that Ally Financial Inc. will post 5.19 EPS for the current year.
Ally Financial Announces Dividend
Analysts Set New Price Targets
A number of brokerages have recently commented on ALLY. Royal Bank Of Canada upped their target price on shares of Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Weiss Ratings raised Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $58.00 price target on shares of Ally Financial in a research report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating and set a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. Finally, Barclays lifted their target price on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.64.
Read Our Latest Research Report on ALLY
Institutional Trading of Ally Financial
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Ally Financial by 106.5% in the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock valued at $9,158,000 after purchasing an additional 129,497 shares during the period. NewEdge Advisors LLC increased its position in Ally Financial by 22.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 415 shares during the period. Empowered Funds LLC increased its position in Ally Financial by 11.1% during the 1st quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 1,292 shares during the period. Focus Partners Wealth purchased a new position in shares of Ally Financial during the 1st quarter worth approximately $259,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Ally Financial by 374.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,166 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.
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.
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