Stephanie Richard Sells 5,000 Shares of Ally Financial (NYSE:ALLY) Stock

Ally Financial Inc. (NYSE:ALLYGet Free Report) insider Stephanie Richard sold 5,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the transaction, the insider directly owned 93,927 shares in the company, valued at approximately $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ally Financial Stock Performance

ALLY opened at $42.58 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 0.25 and a beta of 1.12. Ally Financial Inc. has a 52-week low of $32.50 and a 52-week high of $47.27. The firm’s fifty day simple moving average is $41.24 and its two-hundred day simple moving average is $41.87.

Ally Financial (NYSE:ALLYGet Free Report) last posted its quarterly earnings data 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 business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The company’s revenue was up 36.4% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. Equities analysts anticipate that Ally Financial Inc. will post 5.3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is currently 29.27%.

Wall Street Analysts Forecast Growth

ALLY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Ally Financial from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. decreased their price target on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Bank of America raised their price target on shares of Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Truist Financial set a $54.00 price target on shares of Ally Financial in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

View Our Latest Research Report on Ally Financial

Institutional Investors Weigh In On Ally Financial

Several hedge funds and other institutional investors have recently bought and sold shares of ALLY. Royal Bank of Canada increased its position in Ally Financial by 106.5% during the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock worth $9,158,000 after purchasing an additional 129,497 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Ally Financial by 22.8% during the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 415 shares during the last quarter. Empowered Funds LLC increased its position in shares of Ally Financial by 11.1% during the first quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 1,292 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Ally Financial during the first quarter valued at about $259,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Ally Financial by 374.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,166 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

About Ally Financial

(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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