Ally Financial Inc (NYSE:ALLY) CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $31.70, for a total transaction of $70,437.40. Following the completion of the sale, the chief accounting officer now directly owns 94,647 shares in the company, valued at approximately $3,000,309.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Ally Financial stock traded up $0.38 during trading on Wednesday, hitting $31.34. 1,105,021 shares of the stock traded hands, compared to its average volume of 3,571,276. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 2.47. The stock has a market cap of $12.10 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 0.68 and a beta of 1.29. The firm’s fifty day moving average is $31.27 and its 200-day moving average is $31.40. Ally Financial Inc has a 52 week low of $20.60 and a 52 week high of $35.42.
Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ally Financial had a return on equity of 10.69% and a net margin of 26.29%. Ally Financial’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. On average, analysts forecast that Ally Financial Inc will post 3.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, October 31st. Ally Financial’s payout ratio is currently 20.36%.
Several hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Ally Financial by 129.3% in the 1st quarter. FMR LLC now owns 1,801,409 shares of the financial services provider’s stock worth $49,521,000 after purchasing an additional 1,015,634 shares during the period. First Quadrant L P CA purchased a new position in Ally Financial during the 2nd quarter worth approximately $641,000. Arizona State Retirement System grew its holdings in shares of Ally Financial by 23.5% during the second quarter. Arizona State Retirement System now owns 122,094 shares of the financial services provider’s stock worth $3,784,000 after buying an additional 23,264 shares during the last quarter. Strs Ohio increased its stake in Ally Financial by 32.9% in the 2nd quarter. Strs Ohio now owns 74,620 shares of the financial services provider’s stock valued at $2,312,000 after buying an additional 18,482 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Ally Financial in the 2nd quarter valued at approximately $49,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.
ALLY has been the subject of several analyst reports. Stephens raised shares of Ally Financial from an “equal” rating to a “weight” rating and raised their price target for the company from $37.00 to $44.00 in a report on Monday, September 9th. ValuEngine downgraded shares of Ally Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered shares of Ally Financial from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $33.00 in a research report on Tuesday, October 8th. Barclays boosted their price target on shares of Ally Financial from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Finally, Citigroup cut their price target on shares of Ally Financial from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Ally Financial has a consensus rating of “Hold” and a consensus price target of $36.58.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
See Also: Investing strategies using the yield curve
Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.