Ally Financial Inc (NYSE:ALLY) CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $31.70, for a total transaction of $70,437.40. Following the completion of the transaction, the chief accounting officer now owns 94,647 shares of the company’s stock, valued at $3,000,309.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ally Financial stock traded up $0.54 during trading hours on Friday, reaching $31.73. The stock had a trading volume of 293,439 shares, compared to its average volume of 3,547,022. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.68 and a beta of 1.29. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.05 and a quick ratio of 1.04. The business’s 50 day moving average price is $31.25 and its 200-day moving average price is $31.42. Ally Financial Inc has a 52 week low of $20.60 and a 52 week high of $35.42.
Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. Ally Financial had a net margin of 26.29% and a return on equity of 10.69%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Ally Financial Inc will post 3.74 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of ALLY. FMR LLC increased its holdings in shares of Ally Financial by 129.3% during the first quarter. FMR LLC now owns 1,801,409 shares of the financial services provider’s stock valued at $49,521,000 after acquiring an additional 1,015,634 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Ally Financial during the second quarter valued at about $641,000. Arizona State Retirement System increased its holdings in shares of Ally Financial by 23.5% during the second quarter. Arizona State Retirement System now owns 122,094 shares of the financial services provider’s stock valued at $3,784,000 after acquiring an additional 23,264 shares in the last quarter. Strs Ohio increased its holdings in shares of Ally Financial by 32.9% during the second quarter. Strs Ohio now owns 74,620 shares of the financial services provider’s stock valued at $2,312,000 after acquiring an additional 18,482 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Ally Financial during the second quarter valued at about $49,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.
A number of equities analysts have commented on the stock. Piper Jaffray Companies set a $41.00 target price on shares of Ally Financial and gave the stock a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. downgraded shares of Ally Financial from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $33.00 in a report on Tuesday, October 8th. Stephens upgraded shares of Ally Financial from an “equal” rating to a “weight” rating and boosted their target price for the stock from $37.00 to $44.00 in a report on Monday, September 9th. ValuEngine downgraded shares of Ally Financial from a “sell” rating to a “strong sell” rating in a report on Monday, November 11th. Finally, Citigroup reduced their target price on shares of Ally Financial from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.58.
About Ally Financial
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, 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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