Insider Sale: Ally Financial Inc. (NYSE: ALLY) CAO Sells 27,500 Shares
Ally Financial Inc. (NYSE: ALLY) CAO David J. Debrunner sold 27,500 shares of the stock in a transaction that took place on Monday, April 5. The stock was sold at an average price of $ 47.13, for a total trade of $ 1,296,075.00. As a result of the sale, the chief accounting officer now owns 74,335 shares of the company, valued at approximately $ 3,503,408.55. The transaction was disclosed in a document filed with the SEC, available at this link.
ALLY traded as high as $ 0.02 at noon on Wednesday, reaching $ 46.80. The company had a trading volume of 63,398 shares, compared to its average volume of 4,468,713. Ally Financial Inc. has a 52-week low of $ 13.29 and a 52-week high of $ 47.61. The company has a quick ratio of 0.97, a current ratio of 0.97, and a debt ratio of 1.82. The company has a market cap of $ 17.47 billion, a price-to-earnings ratio of 22.93 and a beta of 1.61. The 50-day moving average stock price is $ 44.30 and its 200-day moving average price is $ 35.51.
Ally Financial (NYSE: ALLY) last released its quarterly results on Thursday, January 21. The financial services provider reported earnings per share of $ 1.60 for the quarter, beating the consensus estimate of $ 1.05 by $ 0.55. Ally Financial had a net margin of 12.22% and a return on equity of 6.43%. The company posted revenue of $ 1.98 billion in the quarter, compared to the consensus estimate of $ 1.65 billion. Research analysts predict that Ally Financial Inc. will post 2.48 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 12. Shareholders of record on Monday February 1 received a dividend of $ 0.19. This represents an annualized dividend of $ 0.76 and a return of 1.62%. The ex-dividend date of this dividend was Friday January 29. Ally Financial’s dividend payout ratio (DPR) is currently 20.43%.
Institutional investors and hedge funds have recently bought and sold shares in the company. Patriot Financial Group Insurance Agency LLC increased its holdings of Ally Financial shares by 52.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 760 shares of the financial services provider valued at $ 27,000 after purchasing an additional 260 shares in the last quarter. Penserra Capital Management LLC increased its holdings of Ally Financial shares by 60.6% in the fourth quarter. Penserra Capital Management LLC now owns 983 shares of the financial services provider valued at $ 34,000 after purchasing 371 additional shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Ally Financial during the fourth quarter valued at approximately $ 34,000. Alpha Paradigm Partners LLC acquired a new position in Ally Financial during the fourth quarter valued at approximately $ 44,000. Finally, Leelyn Smith LLC acquired a new position in Ally Financial during the fourth quarter valued at approximately $ 53,000. 92.07% of the shares are held by hedge funds and other institutional investors.
Several analysts recently published reports on ALLY shares. BMO Capital Markets raised its price target for Ally Financial shares from $ 45.00 to $ 53.00 in a research report on Monday, January 25. Smith Barney Citigroup raised its price target on Ally Financial shares from $ 33.00 to $ 45.00 in a research report on Wednesday, January 13. Morgan Stanley raised its price target on Ally Financial shares from $ 51.00 to $ 56.00 and gave the company an “overweight” rating in a research note on Thursday April 1. Citigroup Inc. Russell-based 3% Principal Protected Minimum Coupon raised its price target on Ally Financial shares from $ 33.00 to $ 45.00 in a research note on Wednesday, January 13. Finally, JPMorgan Chase & Co. raised its price target on Ally Financial shares from $ 32.00 to $ 47.00 and assigned the company an “overweight” rating in a research note on Tuesday 19. January. One analyst rated the stock with a sell rating, three assigned a sustaining rating, and sixteen assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $ 39.25.
Ally Financial Company Profile
Ally Financial Inc, a banking holding company, provides a variety of digital financial products and services to consumers, businesses and businesses primarily in the United States and Canada. It operates through the segments of auto finance operations, insurance operations, mortgage finance operations and corporate finance operations.
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