Stock Traders Buy High Volume of Ally Financial Call Options (NYSE:ALLY)

Ally Financial Inc. (NYSE:ALLYGet 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:ALLYGet 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

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.9%. Ally Financial’s dividend payout ratio (DPR) is 28.30%.

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

(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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