Ally Financial (NYSE:ALLY) Insider Stephanie Richard Sells 5,000 Shares

Ally Financial Inc. (NYSE:ALLY) insider Stephanie Richard sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. The trade was a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $44.76 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $44.55 and its two-hundred day moving average is $42.52. The company has a market cap of $13.62 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.28 and a beta of 1.10. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.29.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.01). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share. On average, equities analysts expect that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. Ally Financial’s dividend payout ratio is 28.30%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ALLY. JPMorgan Chase & Co. cut their price objective on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada upped their price target on Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a report on Wednesday, July 22nd. Truist Financial cut their target price on Ally Financial from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their price target on shares of Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.64.

Institutional Investors Weigh In On Ally Financial

Institutional investors have recently added to or reduced their stakes in the stock. Oldfield Partners LLP grew its stake in shares of Ally Financial by 27.4% in the 2nd quarter. Oldfield Partners LLP now owns 1,615,100 shares of the financial services provider’s stock valued at $74,214,000 after purchasing an additional 347,700 shares during the period. Oliver Luxxe Assets LLC raised its holdings in shares of Ally Financial by 36.6% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 11,639 shares of the financial services provider’s stock worth $535,000 after buying an additional 3,121 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Ally Financial by 75.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 895,286 shares of the financial services provider’s stock worth $41,138,000 after buying an additional 385,311 shares during the period. GAMMA Investing LLC lifted its position in shares of Ally Financial by 16.2% during the 2nd quarter. GAMMA Investing LLC now owns 12,097 shares of the financial services provider’s stock worth $556,000 after buying an additional 1,690 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Ally Financial by 17.5% during the 2nd quarter. Versant Capital Management Inc now owns 6,869 shares of the financial services provider’s stock worth $316,000 after buying an additional 1,023 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.