Insider Buying: Ally Financial Inc. (NYSE:ALLY) CFO Buys 19,100 Shares of Stock

Ally Financial Inc. (NYSE:ALLY) CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the purchase, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ally Financial Stock Up 0.6 %

Shares of NYSE ALLY opened at $39.26 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $11.96 billion, a PE ratio of 15.10, a P/E/G ratio of 0.42 and a beta of 1.44. The firm has a fifty day moving average of $37.06 and a 200-day moving average of $37.89. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46.

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. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2,021,808.41 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts anticipate that Ally Financial Inc. will post 3.91 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.06%. Ally Financial’s payout ratio is 46.15%.

Analyst Ratings Changes

Several research firms recently commented on ALLY. The Goldman Sachs Group upped their price target on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group increased their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Truist Financial started coverage on Ally Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $42.00 target price on the stock. Evercore ISI cut their price target on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Finally, Royal Bank of Canada lifted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.47.

Institutional Investors Weigh In On Ally Financial

Several institutional investors have recently bought and sold shares of ALLY. Trilogy Capital Inc. raised its stake in shares of Ally Financial by 5.3% in the 4th quarter. Trilogy Capital Inc. now owns 76,354 shares of the financial services provider’s stock valued at $2,750,000 after acquiring an additional 3,816 shares during the period. Private Management Group Inc. raised its position in Ally Financial by 3.5% in the fourth quarter. Private Management Group Inc. now owns 747,194 shares of the financial services provider’s stock valued at $26,906,000 after purchasing an additional 25,501 shares during the period. Econ Financial Services Corp acquired a new position in shares of Ally Financial during the fourth quarter worth about $783,000. abrdn plc boosted its position in shares of Ally Financial by 0.5% in the fourth quarter. abrdn plc now owns 269,964 shares of the financial services provider’s stock worth $9,748,000 after buying an additional 1,454 shares during the period. Finally, Asset Management Advisors LLC grew its stake in shares of Ally Financial by 1.5% in the fourth quarter. Asset Management Advisors LLC now owns 167,080 shares of the financial services provider’s stock valued at $6,017,000 after buying an additional 2,520 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

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.