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

Ally Financial Inc. (NYSE:ALLY) CEO Michael George Rhodes acquired 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ally Financial Stock Down 0.3 %

Shares of NYSE ALLY opened at $38.95 on Thursday. The stock has a market cap of $11.87 billion, a P/E ratio of 14.98, a PEG ratio of 0.42 and a beta of 1.44. The business’s fifty day simple moving average is $37.20 and its 200-day simple moving average is $37.84. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last posted its quarterly 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. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the company earned $0.45 EPS. Ally Financial’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that Ally Financial Inc. will post 3.91 EPS for the current fiscal year.

Ally Financial Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALLY. Barclays raised their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Wells Fargo & Company raised their target price on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.76.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds and other institutional investors have recently modified their holdings of ALLY. Envestnet Asset Management Inc. grew its stake in shares of Ally Financial by 36.1% during the second quarter. Envestnet Asset Management Inc. now owns 81,592 shares of the financial services provider’s stock worth $3,237,000 after purchasing an additional 21,622 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Ally Financial by 186.8% during the 2nd quarter. APG Asset Management N.V. now owns 32,854 shares of the financial services provider’s stock worth $1,216,000 after acquiring an additional 21,400 shares in the last quarter. MBB Public Markets I LLC purchased a new position in shares of Ally Financial in the 2nd quarter valued at about $799,000. Mackenzie Financial Corp acquired a new stake in shares of Ally Financial during the 2nd quarter worth about $898,000. Finally, NewEdge Advisors LLC lifted its stake in Ally Financial by 597.3% during the second quarter. NewEdge Advisors LLC now owns 131,183 shares of the financial services provider’s stock worth $5,204,000 after purchasing an additional 112,369 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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.