Traders Purchase Large Volume of Call Options on Ally Financial (NYSE:ALLY)

Ally Financial Inc. (NYSE:ALLY) saw some unusual options trading activity on Tuesday. Traders acquired 31,808 call options on the company. This represents an increase of 706% compared to the typical daily volume of 3,948 call options.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the sale, the insider owned 477,627 shares in the company, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the sale, the insider owned 93,927 shares of the company’s stock, valued at $3,958,083.78. This trade represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.46% of the company’s stock.

Institutional Trading of Ally Financial

A number of large investors have recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its position in shares of Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 240 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Ally Financial by 3.1% during 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 purchasing an additional 243 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Ally Financial by 31.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 252 shares during the last quarter. Sweeney & Michel LLC increased its position in shares of Ally Financial by 4.0% during the 3rd quarter. Sweeney & Michel LLC now owns 6,663 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 256 shares during the last quarter. Finally, Triumph Capital Management increased its position in shares of Ally Financial by 9.2% during the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 265 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $45.44 on Thursday. Ally Financial has a 1-year low of $35.92 and a 1-year high of $47.27. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day moving average price of $43.14 and a 200-day moving average price of $42.41. The company has a market capitalization of $13.93 billion, a PE ratio of 11.08, a PEG ratio of 0.28 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping 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 company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the company earned $0.58 EPS. Ally Financial’s revenue for the quarter was up 36.4% on a year-over-year basis. As a group, equities analysts expect that Ally Financial will post 5.28 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s payout ratio is presently 29.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ALLY. JPMorgan Chase & Co. cut their price target on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Truist Financial set a $54.00 price target on Ally Financial in a research report on Tuesday, April 21st. Morgan Stanley upped their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Barclays upped their price objective on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group increased their price target on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.14.

Ally Financial Company Profile

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.