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

Ally Financial Inc. (NYSE:ALLY) insider Stephanie Richard sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the sale, the insider owned 88,927 shares in the company, valued at $3,933,241.21. This represents a 5.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $44.06 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $13.40 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.28 and a beta of 1.10. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.29. The stock has a 50 day moving average of $44.58 and a 200-day moving average of $42.53.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company posted $0.99 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts predict that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Ally Financial’s dividend payout ratio is presently 28.30%.

Hedge Funds Weigh In On Ally Financial

Institutional investors and hedge funds have recently modified their holdings of the business. SJS Investment Consulting Inc. raised its holdings in Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after buying an additional 240 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Ally Financial by 3.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock worth $314,000 after buying an additional 243 shares during the period. Brown Brothers Harriman & Co. increased its position in Ally Financial by 31.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 252 shares during the last quarter. Triumph Capital Management increased its position in Ally Financial by 9.2% during the fourth quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 265 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Ally Financial by 25.0% in the fourth quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 268 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALLY. Bank of America lifted their target price on shares of Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings raised shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Wells Fargo & Company raised their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Truist Financial decreased their target price on Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.64.

About Ally Financial

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.