Traders Purchase High Volume of Call Options on Ally Financial (NYSE:ALLY)

Ally Financial Inc. (NYSE:ALLYGet Free Report) saw unusually large options trading activity on Friday. Stock investors bought 33,732 call options on the stock. This represents an increase of approximately 822% compared to the average daily volume of 3,658 call options.

Analysts Set New Price Targets

ALLY has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. dropped their target price on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America increased their price target on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada raised their price target on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ally Financial currently has an average rating of “Moderate Buy” and a consensus target price of $53.79.

Read Our Latest Stock Analysis on Ally Financial

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 93,927 shares of the company’s stock, valued at $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 SEC, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Ally Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in ALLY. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ally Financial during the 4th quarter worth about $29,000. Fideuram Asset Management Ireland dac acquired a new stake in Ally Financial in the fourth quarter valued at $35,000. Safe Harbor Fiduciary LLC bought a new position in Ally Financial during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ally Financial during the 4th quarter worth approximately $38,000. Finally, SJS Investment Consulting Inc. boosted its position in Ally Financial by 30.8% during the first 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 during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Down 1.5%

Ally Financial stock traded down $0.72 during mid-day trading on Friday, hitting $46.08. 456,059 shares of the company’s stock were exchanged, compared to its average volume of 3,521,902. The company’s 50 day simple moving average is $44.07 and its 200-day simple moving average is $42.64. 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 firm has a market capitalization of $14.13 billion, a P/E ratio of 11.24, a PEG ratio of 0.26 and a beta of 1.09. Ally Financial has a fifty-two week low of $35.92 and a fifty-two week high of $47.29.

Ally Financial (NYSE:ALLYGet Free Report) last posted its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was up 36.4% on a year-over-year basis. On average, equities analysts anticipate that Ally Financial will post 5.31 earnings per share for the current year.

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.

Further Reading

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