Ally Financial Inc. (NYSE:ALLY – Get Free Report) was the recipient of some unusual options trading activity on Monday. Traders acquired 10,070 call options on the stock. This is an increase of 205% compared to the average daily volume of 3,304 call options.
Ally Financial Stock Down 0.3%
Shares of Ally Financial stock traded down $0.12 on Monday, hitting $42.06. The company had a trading volume of 774,525 shares, compared to its average volume of 3,450,390. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 0.26 and a beta of 1.10. Ally Financial has a 1 year low of $35.92 and a 1 year high of $47.29. The stock has a 50 day moving average of $44.52 and a 200-day moving average of $42.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92.
Ally Financial (NYSE:ALLY – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm earned $0.99 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that Ally Financial will post 5.19 earnings per share for the current year.
Ally Financial Dividend Announcement
Insiders Place Their Bets
In other news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total transaction of $221,150.00. Following the transaction, the insider owned 88,927 shares in the company, valued at approximately $3,933,241.21. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company’s stock.
Institutional Trading of Ally Financial
Several institutional investors have recently made changes to their positions in ALLY. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ally Financial in the fourth quarter valued at about $35,000. Trust Co. of Vermont purchased a new position in Ally Financial during the second quarter worth about $36,000. Safe Harbor Fiduciary LLC purchased a new position in Ally Financial during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd bought a new stake in Ally Financial in the 4th quarter worth about $38,000. Finally, SJS Investment Consulting Inc. grew its position in Ally Financial by 30.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.
Wall Street Analysts Forecast Growth
ALLY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $58.00 target price on shares of Ally Financial in a research report on Wednesday, July 22nd. Weiss Ratings raised Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company boosted their price objective on Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Citigroup lowered their target price on Ally Financial from $70.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Finally, Bank of America increased their target price on Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.64.
Read Our Latest Report on ALLY
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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