Ally Financial (NYSE:ALLY) Stock: Insider Kathleen Patterson Sells 12,831 Shares

Ally Financial Inc. (NYSE:ALLY) insider Kathleen Patterson sold 12,831 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $38.65, for a total transaction of $495,918.15. Following the completion of the transaction, the insider owned 67,781 shares of the company’s stock, valued at $2,619,735.65. This trade represents a 15.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ally Financial Stock Up 1.5%

Shares of ALLY stock traded up $0.56 during trading hours on Thursday, hitting $39.25. 4,377,356 shares of the company were exchanged, compared to its average volume of 3,566,530. The business has a 50 day moving average of $40.45 and a two-hundred day moving average of $42.67. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 1.45. Ally Financial Inc. has a 52 week low of $35.92 and a 52 week high of $47.29. The company has a market capitalization of $11.94 billion, a PE ratio of 9.00, a PEG ratio of 0.29 and a beta of 1.11.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Ally Financial had a net margin of 16.84% and a return on equity of 12.11%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.15 earnings per share. Analysts anticipate that Ally Financial Inc. will post 5.00 earnings per share for the current fiscal year.

Ally Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.40 annualized dividend and a dividend yield of 3.6%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.30. Ally Financial’s dividend payout ratio (DPR) is 28.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ALLY. BlackRock Inc. acquired a new stake in shares of Ally Financial in the 2nd quarter valued at approximately $1,315,659,000. Berkshire Hathaway Inc acquired a new stake in Ally Financial in the second quarter valued at $1,240,650,000. Dimensional Fund Advisors LP grew its position in shares of Ally Financial by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider’s stock valued at $353,776,000 after acquiring an additional 309,638 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Ally Financial by 11.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,783,947 shares of the financial services provider’s stock valued at $266,134,000 after purchasing an additional 712,443 shares during the period. Finally, Donald Smith & CO. Inc. acquired a new stake in Ally Financial in the 2nd quarter valued at about $172,509,000. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of research reports. The Goldman Sachs Group set a $45.00 price objective on Ally Financial in a report on Tuesday, October 6th. Citigroup reduced their price target on Ally Financial from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Zacks Research downgraded Ally Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Evercore set a $40.00 price target on shares of Ally Financial in a research note on Wednesday. Finally, Bank of America lifted their price objective on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.21.

More Ally Financial News

Here are the key news stories impacting Ally Financial this week:

• Positive Sentiment: Ally reported a strong third quarter, with core return on tangible common equity rising to 13.1%, retail auto charge-offs of 1.89% remaining within guidance, and tangible book value continuing to grow. Management also raised its average earning-asset growth outlook to 5%-6%. Ally Financial: Q3 Delivered On The Three Things I Said I’d Watch
• Positive Sentiment: The company raised its dividend by 17%, supporting the income-investment case and signaling confidence in capital generation. Ally Reports Q3 Earnings, Raises Dividend 17%
• Positive Sentiment: JPMorgan raised its price target to $44 from $43 and maintained an overweight rating, while TD Cowen kept a buy rating despite reducing its target to $52 from $54.
• Neutral Sentiment: Ally expects full-year net interest margin of 3.6%-3.65%, suggesting profitability remains solid but may be constrained by funding costs and loan pricing. Ally expects full-year NIM of 3.6%-3.65%
• Negative Sentiment: Evercore ISI downgraded ALLY from outperform/strong-buy to in-line/hold, citing net interest margin pressure and risk that rising credit costs could offset operating improvement. Ally Financial cut to hold at Evercore ISI
• Negative Sentiment: Barclays lowered its price target to $48 from $56 and assigned an equal-weight rating, reflecting more cautious expectations despite meaningful implied upside.
• Negative Sentiment: Auto delinquencies increased alongside originations, reinforcing concerns that credit normalization and higher losses could raise provisions. Ally’s auto delinquencies rise in tandem with originations

Ally Financial Company Profile

Ally Financial Inc is a digital financial services company headquartered in Detroit, Michigan, and traded on the New York Stock Exchange under the symbol ALLY. The company primarily serves consumers, automotive dealers and businesses in the United States through online and branchless banking and financing platforms.

Ally’s automotive finance business provides retail installment loans and leases to consumers and floorplan financing and other services to automotive dealers. Its consumer banking operations, conducted through Ally Bank, offer deposit products such as savings accounts, money market accounts and certificates of deposit, along with consumer lending products.

The company also provides credit cards and commercial financing, and offers investment and brokerage services through Ally Invest.