Ally Financial Inc. (NYSE:ALLY) insider Jason E. Schugel sold 2,500 shares of the company’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $45.61, for a total value of $114,025.00. Following the completion of the transaction, the insider now owns 107,391 shares of the company’s stock, valued at $4,898,103.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE:ALLY opened at $47.02 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.82. The business’s 50 day moving average is $44.39 and its two-hundred day moving average is $35.61. Ally Financial Inc. has a 52 week low of $13.29 and a 52 week high of $47.61. The company has a market cap of $17.55 billion, a PE ratio of 23.05 and a beta of 1.61.
Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, January 21st. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.55. Ally Financial had a return on equity of 6.43% and a net margin of 12.22%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.65 billion. As a group, sell-side analysts expect that Ally Financial Inc. will post 2.48 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Ally Financial by 52.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 760 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 260 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Ally Financial in the 4th quarter worth approximately $34,000. Penserra Capital Management LLC lifted its holdings in shares of Ally Financial by 60.6% in the 4th quarter. Penserra Capital Management LLC now owns 983 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 371 shares during the last quarter. Alpha Paradigm Partners LLC bought a new stake in shares of Ally Financial in the 4th quarter worth approximately $44,000. Finally, Eudaimonia Partners LLC bought a new stake in shares of Ally Financial in the 3rd quarter worth approximately $143,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on ALLY shares. BMO Capital Markets upped their price target on Ally Financial from $45.00 to $53.00 in a research note on Monday, January 25th. Zacks Investment Research lowered Ally Financial from a “strong-buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research note on Monday, December 21st. Morgan Stanley upped their price target on Ally Financial from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, April 1st. Smith Barney Citigroup upped their price target on Ally Financial from $33.00 to $45.00 in a research note on Wednesday, January 13th. Finally, JPMorgan Chase & Co. upped their price target on Ally Financial from $32.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the stock. Ally Financial has a consensus rating of “Buy” and a consensus target price of $39.25.
Ally Financial Company Profile
Ally Financial Inc, a bank holding company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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