Ally Financial (NYSE:ALLY) Insider Kathleen Patterson Sells 12,831 Shares of Stock

Ally Financial Inc. (NYSE:ALLY) insider Kathleen Patterson sold 12,831 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $38.65, for a total value of $495,918.15. Following the completion of the sale, the insider directly owned 67,781 shares of the company’s stock, valued at approximately $2,619,735.65. The trade was a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ally Financial Stock Performance

Shares of NYSE ALLY traded up $0.56 during midday trading on Thursday, hitting $39.25. 4,377,356 shares of the company’s stock were exchanged, compared to its average volume of 3,566,530. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 1.45. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.29. The company’s 50 day moving average price is $40.45 and its 200 day moving average price is $42.67. The firm has a market capitalization of $11.94 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.29 and a beta of 1.11.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. Ally Financial had a return on equity of 12.11% and a net margin of 16.84%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the business earned $1.15 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts predict that Ally Financial Inc. will post 5.00 earnings per share for the current fiscal year.

Ally Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a $0.35 dividend. This is an increase from Ally Financial’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, November 2nd. Ally Financial’s dividend payout ratio is presently 28.30%.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds and other institutional investors have recently modified their holdings of ALLY. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Ally Financial in the third quarter valued at about $27,000. Trust Co. of Vermont acquired a new position in shares of Ally Financial in the second quarter valued at about $36,000. Elevation Wealth Partners LLC grew its stake in shares of Ally Financial by 92.2% in the third quarter. Elevation Wealth Partners LLC now owns 1,005 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 482 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Ally Financial by 30.8% in the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 240 shares in the last quarter. Finally, Mather Group LLC. increased its position in Ally Financial by 54.4% during the third quarter. Mather Group LLC. now owns 1,192 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 420 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALLY. Zacks Research cut shares of Ally Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Truist Financial decreased their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. UBS Group lowered their price target on shares of Ally Financial from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, October 5th. The Goldman Sachs Group set a $45.00 price objective on shares of Ally Financial in a research report on Tuesday, October 6th. Finally, TD Cowen reduced their price objective on Ally Financial from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.21.

Key Headlines Impacting Ally Financial

Here are the key news stories impacting Ally Financial this week:

• Positive Sentiment: Ally reported a strong third quarter, with core return on tangible common equity rising to 13.1%, retail auto charge-offs of 1.89% remaining within guidance, and tangible book value continuing to grow. Management also raised its average earning-asset growth outlook to 5%-6%. Ally Financial: Q3 Delivered On The Three Things I Said I’d Watch
• Positive Sentiment: The company raised its dividend by 17%, supporting the income-investment case and signaling confidence in capital generation. Ally Reports Q3 Earnings, Raises Dividend 17%
• Positive Sentiment: JPMorgan raised its price target to $44 from $43 and maintained an overweight rating, while TD Cowen kept a buy rating despite reducing its target to $52 from $54.
• Neutral Sentiment: Ally expects full-year net interest margin of 3.6%-3.65%, suggesting profitability remains solid but may be constrained by funding costs and loan pricing. Ally expects full-year NIM of 3.6%-3.65%
• Negative Sentiment: Evercore ISI downgraded ALLY from outperform/strong-buy to in-line/hold, citing net interest margin pressure and risk that rising credit costs could offset operating improvement. Ally Financial cut to hold at Evercore ISI
• Negative Sentiment: Barclays lowered its price target to $48 from $56 and assigned an equal-weight rating, reflecting more cautious expectations despite meaningful implied upside.
• Negative Sentiment: Auto delinquencies increased alongside originations, reinforcing concerns that credit normalization and higher losses could raise provisions. Ally’s auto delinquencies rise in tandem with originations

Ally Financial Company Profile

Ally Financial Inc is a digital financial services company headquartered in Detroit, Michigan, and traded on the New York Stock Exchange under the symbol ALLY. The company primarily serves consumers, automotive dealers and businesses in the United States through online and branchless banking and financing platforms.

Ally’s automotive finance business provides retail installment loans and leases to consumers and floorplan financing and other services to automotive dealers. Its consumer banking operations, conducted through Ally Bank, offer deposit products such as savings accounts, money market accounts and certificates of deposit, along with consumer lending products.

The company also provides credit cards and commercial financing, and offers investment and brokerage services through Ally Invest.