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

Ally Financial Inc. (NYSE:ALLY) insider Stephanie Richard sold 5,000 shares of Ally Financial stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total value of $210,700.00. Following the completion of the transaction, the insider owned 93,927 shares in the company, valued at $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ally Financial Trading Down 3.1%

Shares of NYSE:ALLY opened at $40.81 on Wednesday. Ally Financial Inc. has a 12-month low of $32.50 and a 12-month high of $47.27. The business’s fifty day simple moving average is $41.16 and its 200-day simple moving average is $41.85. The company has a market capitalization of $12.51 billion, a PE ratio of 9.95, a P/E/G ratio of 0.25 and a beta of 1.12. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last announced its quarterly 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 business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $0.58 EPS. The business’s revenue was up 36.4% compared to the same quarter last year. As a group, equities research analysts predict that Ally Financial Inc. will post 5.3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.30 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ally Financial’s dividend payout ratio (DPR) is currently 29.27%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. Norges Bank acquired a new stake in Ally Financial during the 4th quarter worth about $157,610,000. Wellington Management Group LLP lifted its position in Ally Financial by 19.5% during the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock worth $646,347,000 after acquiring an additional 2,332,610 shares during the period. Qube Research & Technologies Ltd lifted its position in Ally Financial by 8,255.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,230,384 shares of the financial services provider’s stock worth $48,231,000 after acquiring an additional 1,215,659 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new stake in Ally Financial during the 3rd quarter worth about $45,733,000. Finally, Bank of America Corp DE lifted its position in Ally Financial by 38.9% during the 2nd quarter. Bank of America Corp DE now owns 3,771,190 shares of the financial services provider’s stock worth $146,888,000 after acquiring an additional 1,056,060 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ALLY shares. Morgan Stanley boosted their target price on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Truist Financial set a $54.00 target price on Ally Financial in a research note on Tuesday, April 21st. The Goldman Sachs Group boosted their target price on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Weiss Ratings upgraded Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. dropped their target price on Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.14.

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.