Ally Financial Inc. (NYSE:ALLY) CEO Michael George Rhodes Acquires 25,634 Shares

Ally Financial Inc. (NYSE:ALLY - Get Free Report) CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Ally Financial Trading Down 0.3 %

ALLY traded down $0.11 during trading on Wednesday, hitting $38.95. 1,481,417 shares of the stock traded hands, compared to its average volume of 4,012,684. The firm has a 50-day moving average of $37.20 and a 200 day moving average of $37.84. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The firm has a market capitalization of $11.87 billion, a P/E ratio of 14.98, a price-to-earnings-growth 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business earned $0.45 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that Ally Financial Inc. will post 3.91 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, January 31st. Ally Financial's dividend payout ratio is currently 46.15%.

Analysts Set New Price Targets

Several analysts have recently commented on ALLY shares. Keefe, Bruyette & Woods increased their target price on Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Raymond James upgraded shares of Ally Financial from an "underperform" rating to a "market perform" rating in a report on Monday, October 21st. The Goldman Sachs Group raised their price target on shares of Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased 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. Finally, Citigroup upped their price target on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $43.76.

Institutional Trading of Ally Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in shares of Ally Financial by 36.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 81,592 shares of the financial services provider's stock worth $3,237,000 after purchasing an additional 21,622 shares in the last quarter. APG Asset Management N.V. raised its stake in Ally Financial by 186.8% during 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 buying an additional 21,400 shares during the last quarter. MBB Public Markets I LLC bought a new stake in Ally Financial in the second quarter worth $799,000. Mackenzie Financial Corp bought a new position in shares of Ally Financial during the second quarter valued at $898,000. Finally, NewEdge Advisors LLC raised its position in shares of Ally Financial by 597.3% in the 2nd quarter. NewEdge Advisors LLC now owns 131,183 shares of the financial services provider's stock worth $5,204,000 after purchasing an additional 112,369 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

About Ally Financial

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.

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