Michael George Rhodes Buys 25,634 Shares of Ally Financial Inc. (NYSE:ALLY) Stock

Ally Financial Inc. (NYSE:ALLY) CEO Michael George Rhodes acquired 25,634 shares of the company’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ally Financial Stock Down 0.3 %

Shares of NYSE ALLY opened at $38.95 on Thursday. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The firm has a 50-day moving average price of $37.20 and a 200 day moving average price of $37.84. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Equities research analysts anticipate that Ally Financial Inc. will post 3.91 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Morgan Stanley raised their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in Ally Financial by 68.8% during the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock worth $2,455,000 after acquiring an additional 28,114 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Ally Financial during the 4th quarter worth approximately $1,112,000. CWA Asset Management Group LLC acquired a new position in shares of Ally Financial during the 3rd quarter worth approximately $1,338,000. Wealth Enhancement Advisory Services LLC lifted its stake in Ally Financial by 58.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock valued at $1,796,000 after buying an additional 18,671 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Ally Financial during the 3rd quarter valued at $21,571,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

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.