Ally Financial Inc (NYSE:ALLY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $31.73 and last traded at $31.65, with a volume of 244035 shares. The stock had previously closed at $31.40.

Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Citigroup set a $95.00 price objective on shares of iRobot and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Oppenheimer set a $119.00 price objective on shares of American Express and gave the stock a “buy” rating in a research note on Wednesday, April 17th. BMO Capital Markets set a $44.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Finally, Morgan Stanley lowered shares of Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ally Financial has an average rating of “Buy” and an average target price of $33.25.

The stock has a 50 day moving average of $30.03. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 0.62 and a beta of 1.31. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.11 and a current ratio of 1.11.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Ally Financial had a net margin of 23.12% and a return on equity of 10.90%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm earned $0.68 EPS. Ally Financial’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that Ally Financial Inc will post 3.62 EPS for the current fiscal year.

Ally Financial declared that its Board of Directors has authorized a share buyback plan on Monday, April 1st that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 10.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

In related news, Director Mayree C. Clark purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $29.71 per share, with a total value of $148,550.00. Following the completion of the purchase, the director now owns 46,248 shares in the company, valued at approximately $1,374,028.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David J. Debrunner sold 2,222 shares of Ally Financial stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $29.80, for a total transaction of $66,215.60. Following the completion of the transaction, the chief accounting officer now directly owns 110,201 shares in the company, valued at approximately $3,283,989.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,666 shares of company stock worth $199,802. Insiders own 0.35% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ALLY. Oaktree Capital Management LP raised its holdings in shares of Ally Financial by 34.6% in the fourth quarter. Oaktree Capital Management LP now owns 11,723,541 shares of the financial services provider’s stock valued at $265,655,000 after purchasing an additional 3,011,141 shares during the last quarter. Lakewood Capital Management LP raised its holdings in shares of Ally Financial by 20.3% in the fourth quarter. Lakewood Capital Management LP now owns 10,864,809 shares of the financial services provider’s stock valued at $246,197,000 after purchasing an additional 1,829,956 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ally Financial by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,022,630 shares of the financial services provider’s stock valued at $159,132,000 after purchasing an additional 39,461 shares during the last quarter. Magnolia Group LLC raised its holdings in shares of Ally Financial by 30.5% in the first quarter. Magnolia Group LLC now owns 5,626,671 shares of the financial services provider’s stock valued at $154,677,000 after purchasing an additional 1,315,199 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Ally Financial by 6.8% in the first quarter. LSV Asset Management now owns 4,961,122 shares of the financial services provider’s stock valued at $136,381,000 after purchasing an additional 314,600 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Company Profile (NYSE:ALLY)

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.

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