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

Ally Financial Inc. (NYSE:ALLY) CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the purchase, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ally Financial Trading Down 0.3 %

ALLY stock opened at $38.95 on Thursday. 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 firm has a market cap of $11.87 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.42 and a beta of 1.44. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The business’s 50 day moving average is $37.20 and its 200-day moving average is $37.84.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts anticipate that Ally Financial Inc. will post 3.91 earnings per share for the current fiscal 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 paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.08%. Ally Financial’s dividend payout ratio is 46.15%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in Ally Financial by 1.9% during the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 293 shares in the last quarter. Maverick Capital Ltd. increased its stake in shares of Ally Financial by 1.2% in the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock valued at $930,000 after buying an additional 299 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Ally Financial by 8.2% in the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after buying an additional 352 shares during the last quarter. Allworth Financial LP lifted its position in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after buying an additional 421 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 577 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ALLY shares. Truist Financial increased their price target on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley lifted their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.