Ally Financial Inc. (NYSE:ALLY) CFO Purchases $753,495.00 in Stock

Ally Financial Inc. (NYSE:ALLY) CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ally Financial Trading Down 0.2 %

Shares of NYSE:ALLY opened at $39.14 on Wednesday. The business’s 50-day moving average is $37.13 and its 200 day moving average is $37.87. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The firm has a market capitalization of $11.93 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.42 and a beta of 1.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the company posted $0.45 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, research analysts predict that Ally Financial Inc. will post 3.91 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio is presently 46.15%.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada boosted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their price objective on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.76.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ALLY. Envestnet Asset Management Inc. increased its holdings in shares of Ally Financial by 36.1% in the second quarter. Envestnet Asset Management Inc. now owns 81,592 shares of the financial services provider’s stock valued at $3,237,000 after purchasing an additional 21,622 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Ally Financial by 63.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 52,423 shares of the financial services provider’s stock valued at $2,080,000 after purchasing an additional 20,261 shares during the period. AQR Capital Management LLC increased its holdings in shares of Ally Financial by 23.5% in the second quarter. AQR Capital Management LLC now owns 631,537 shares of the financial services provider’s stock valued at $25,053,000 after purchasing an additional 120,039 shares during the period. APG Asset Management N.V. increased its holdings in shares of Ally Financial by 186.8% in the second quarter. APG Asset Management N.V. now owns 32,854 shares of the financial services provider’s stock valued at $1,216,000 after purchasing an additional 21,400 shares during the period. Finally, MBB Public Markets I LLC acquired a new position in shares of Ally Financial in the second quarter valued at about $799,000. 88.76% of the stock is owned by institutional investors and hedge funds.

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.