Russell E. Hutchinson Buys 8,200 Shares of Ally Financial Inc. (NYSE:ALLY) Stock

Ally Financial Inc. (NYSE:ALLY) CFO Russell E. Hutchinson acquired 8,200 shares of Ally Financial stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. This represents a 3.59 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $33.19 on Friday. The firm has a fifty day simple moving average of $34.65 and a two-hundred day simple moving average of $36.09. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $10.19 billion, a P/E ratio of 12.77, a PEG ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter last year, the business posted $0.45 earnings per share. On average, analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.62%. Ally Financial’s dividend payout ratio is presently 88.24%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Copia Wealth Management purchased a new position in shares of Ally Financial during the 1st quarter worth about $27,000. Bessemer Group Inc. lifted its stake in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 377 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ally Financial in the fourth quarter worth approximately $43,000. Finally, UMB Bank n.a. lifted its stake in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,061 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Monday. BTIG Research cut shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a research note on Tuesday, March 25th. Finally, Truist Financial lowered their target price on shares of Ally Financial from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.69.

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.