Michael George Rhodes Purchases 25,634 Shares of Ally Financial Inc. (NYSE:ALLY) Stock

Ally Financial Inc. (NYSE:ALLY) CEO Michael George Rhodes acquired 25,634 shares of the business’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $39.01 on Friday. The firm has a market cap of $11.89 billion, a P/E ratio of 15.00, a PEG ratio of 0.43 and a beta of 1.44. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $37.32 and a 200 day moving average of $37.87. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. As a group, research analysts expect that Ally Financial Inc. will post 3.7 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.08%. Ally Financial’s dividend payout ratio is presently 46.15%.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds have recently added to or reduced their stakes in ALLY. Assenagon Asset Management S.A. raised its stake in Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after buying an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after acquiring an additional 1,563,008 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Ally Financial by 584.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after acquiring an additional 1,191,529 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Ally Financial during the 3rd quarter valued at $21,571,000. Finally, 140 Summer Partners LP bought a new stake in shares of Ally Financial during the 3rd quarter valued at $19,140,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the topic of several research reports. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Royal Bank of Canada lifted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their target price on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.76.

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.