Ally Financial Sees Unusually Large Options Volume (NYSE:ALLY)

Ally Financial Inc. (NYSE:ALLY - Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 13,074 call options on the company. This represents an increase of approximately 133% compared to the average daily volume of 5,620 call options.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes acquired 25,634 shares of the business's stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

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Hedge Funds Weigh In On Ally Financial

Large investors have recently modified their holdings of the stock. Oak Thistle LLC acquired a new position in Ally Financial in the 4th quarter valued at about $1,112,000. State Street Corp boosted its holdings in shares of Ally Financial by 0.5% during the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock worth $380,981,000 after acquiring an additional 51,426 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in shares of Ally Financial in the fourth quarter valued at approximately $461,000. Franklin Resources Inc. increased its stake in shares of Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after purchasing an additional 345,210 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Ally Financial by 11.6% during the 4th quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider's stock worth $6,829,000 after purchasing an additional 19,785 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALLY has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Morgan Stanley increased their target price on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Bank of America cut their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a research note on Tuesday, March 25th. Finally, Truist Financial decreased their price target on shares of Ally Financial from $47.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $42.41.

Ally Financial Stock Performance

Shares of ALLY stock traded down $0.23 on Friday, reaching $31.76. The stock had a trading volume of 6,337,031 shares, compared to its average volume of 3,524,171. Ally Financial has a 12 month low of $29.52 and a 12 month high of $45.46. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.32 and a beta of 1.12. The firm's 50-day moving average is $35.75 and its two-hundred day moving average is $36.29. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts expect that Ally Financial will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.78%. Ally Financial's dividend payout ratio (DPR) is 46.15%.

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.