Ally Financial (NYSE:ALLY) Insider Douglas Timmerman Sells 39,675 Shares of Stock

Ally Financial Inc. (NYSE:ALLY) insider Douglas Timmerman sold 39,675 shares of Ally Financial stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the sale, the insider directly owned 477,627 shares in the company, valued at $21,574,411.59. This represents a 7.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ally Financial Stock Performance

NYSE ALLY opened at $46.32 on Tuesday. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 0.23 and a beta of 1.14. The business’s 50 day moving average is $40.12 and its two-hundred day moving average is $41.35. Ally Financial Inc. has a 12-month low of $29.91 and a 12-month high of $47.27. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. Research analysts expect that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Ally Financial’s dividend payout ratio (DPR) is 29.27%.

Analysts Set New Price Targets

ALLY has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Truist Financial decreased their price target on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. BTIG Research reaffirmed a “neutral” rating on shares of Ally Financial in a research note on Tuesday, January 6th. Evercore reduced their price objective on Ally Financial from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Finally, Weiss Ratings downgraded Ally Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.64.

Institutional Trading of Ally Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System acquired a new stake in shares of Ally Financial in the first quarter valued at approximately $3,193,000. Kestra Private Wealth Services LLC raised its position in shares of Ally Financial by 4.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 235,601 shares of the financial services provider’s stock worth $9,243,000 after purchasing an additional 9,215 shares during the last quarter. BTC Capital Management Inc. raised its position in shares of Ally Financial by 23.7% during the 1st quarter. BTC Capital Management Inc. now owns 32,284 shares of the financial services provider’s stock worth $1,266,000 after purchasing an additional 6,179 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Ally Financial by 3.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock valued at $314,000 after buying an additional 243 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Ally Financial by 5,026.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 509,975 shares of the financial services provider’s stock valued at $20,006,000 after buying an additional 500,027 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.