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

Ally Financial Inc. (NYSE:ALLY) insider Stephanie Richard sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total transaction of $221,150.00. Following the transaction, the insider directly owned 88,927 shares in the company, valued at approximately $3,933,241.21. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Ally Financial Trading Down 0.3%

Shares of NYSE:ALLY traded down $0.15 on Wednesday, hitting $44.84. The company had a trading volume of 517,207 shares, compared to its average volume of 3,526,232. The firm’s 50-day simple moving average is $44.52 and its two-hundred day simple moving average is $42.52. Ally Financial Inc. has a 1 year low of $35.92 and a 1 year high of $47.29. 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 firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.27 and a beta of 1.10.

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

Ally Financial Dividend Announcement

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

Institutional Investors Weigh In On Ally Financial

A number of institutional investors have recently modified their holdings of ALLY. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Ally Financial in the 4th quarter worth about $29,000. Fideuram Asset Management Ireland dac purchased a new stake in Ally Financial during the 4th quarter valued at about $35,000. Safe Harbor Fiduciary LLC bought a new stake in Ally Financial during the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd purchased a new position in Ally Financial in the fourth quarter worth about $38,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Ally Financial by 30.8% in the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after buying an additional 240 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ALLY shares. Citigroup lowered their target price on Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $58.00 price objective on shares of Ally Financial in a report on Wednesday, July 22nd. Morgan Stanley raised their price objective on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Wells Fargo & Company upped their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.64.

Ally Financial Company Profile

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.