Ally Financial Inc. (NYSE:ALLY) CEO Michael George Rhodes Buys 25,634 Shares

Ally Financial Inc. (NYSE:ALLY) CEO Michael George Rhodes bought 25,634 shares of the company’s stock in a transaction on Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ally Financial Trading Down 0.3 %

ALLY traded down $0.11 during trading hours on Wednesday, reaching $38.95. 1,481,417 shares of the company’s stock traded hands, compared to its average volume of 4,012,684. The firm has a 50-day moving average price of $37.20 and a 200 day moving average price of $37.84. The firm has a market capitalization of $11.87 billion, a PE ratio of 14.98, a PEG ratio of 0.42 and a beta of 1.44. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. As a group, sell-side analysts predict that Ally Financial Inc. will post 3.91 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.08%. Ally Financial’s payout ratio is 46.15%.

Analyst Upgrades and Downgrades

ALLY has been the topic of several recent research reports. Jefferies Financial Group increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Truist Financial lifted their target price on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gladstone Institutional Advisory LLC purchased a new stake in shares of Ally Financial in the 4th quarter worth $200,000. Summit Trail Advisors LLC lifted its stake in Ally Financial by 30.2% in the fourth quarter. Summit Trail Advisors LLC now owns 9,043 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 2,096 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Ally Financial by 16.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider’s stock valued at $5,327,000 after buying an additional 20,569 shares during the period. Stoneridge Investment Partners LLC bought a new position in shares of Ally Financial in the 4th quarter worth $2,262,000. Finally, Entropy Technologies LP lifted its position in shares of Ally Financial by 14.4% during the fourth quarter. Entropy Technologies LP now owns 33,446 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 4,221 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.