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

Ally Financial Inc. (NYSE:ALLY) CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The stock was bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the purchase, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ally Financial Stock Performance

Ally Financial stock traded up $0.25 during mid-day trading on Monday, hitting $39.26. The company had a trading volume of 3,082,337 shares, compared to its average volume of 4,254,469. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.42 and a beta of 1.44. The company’s fifty day moving average is $37.06 and its 200-day moving average is $37.89. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2,021,808.41 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Equities research analysts predict that Ally Financial Inc. will post 3.91 EPS for the current year.

Ally Financial Dividend Announcement

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 is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.06%. Ally Financial’s payout ratio is 46.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ALLY shares. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Raymond James raised shares of Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Truist Financial assumed coverage on Ally Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $42.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.47.

Institutional Trading of Ally Financial

Several institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position 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 acquiring an additional 21,622 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Ally Financial by 63.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 52,423 shares of the financial services provider’s stock worth $2,080,000 after purchasing an additional 20,261 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Ally Financial by 23.5% during the second quarter. AQR Capital Management LLC now owns 631,537 shares of the financial services provider’s stock worth $25,053,000 after buying an additional 120,039 shares in the last quarter. APG Asset Management N.V. lifted its holdings in 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 acquiring an additional 21,400 shares during the last quarter. Finally, MBB Public Markets I LLC purchased a new position in Ally Financial in the second quarter worth approximately $799,000. 88.76% of the stock is owned by institutional investors and hedge funds.

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.