Stock Traders Purchase High Volume of Ally Financial Call Options (NYSE:ALLY)

Ally Financial Inc (NYSE:ALLY) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 16,046 call options on the stock. This represents an increase of approximately 1,314% compared to the typical volume of 1,135 call options.

In other news, CAO David J. Debrunner sold 2,222 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $33.43, for a total transaction of $74,281.46. Following the completion of the sale, the chief accounting officer now owns 99,091 shares of the company’s stock, valued at approximately $3,312,612.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Diane E. Morais sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the sale, the insider now directly owns 220,048 shares of the company’s stock, valued at approximately $7,338,600.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,666 shares of company stock valued at $716,806. Company insiders own 0.35% of the company’s stock.

Large investors have recently modified their holdings of the business. Carroll Financial Associates Inc. bought a new position in Ally Financial during the 2nd quarter valued at $40,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Ally Financial during the 2nd quarter worth $49,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Ally Financial by 102.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,242 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,132 shares during the period. SG3 Management LLC bought a new stake in shares of Ally Financial during the 2nd quarter worth $73,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Ally Financial during the 2nd quarter worth $96,000. Institutional investors and hedge funds own 95.51% of the company’s stock.

ALLY has been the subject of several recent analyst reports. BTIG Research raised their price objective on shares of Ally Financial to $39.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. ValuEngine downgraded shares of Ally Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Piper Jaffray Companies set a $41.00 price objective on shares of Ally Financial and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ally Financial in a research report on Sunday, July 21st. Finally, Citigroup raised their price objective on shares of Ally Financial from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.67.

NYSE ALLY opened at $31.32 on Friday. The company has a fifty day simple moving average of $32.52 and a 200 day simple moving average of $30.83. Ally Financial has a 12-month low of $20.60 and a 12-month high of $35.42. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.62. The company has a market cap of $11.89 billion, a P/E ratio of 9.38, a PEG ratio of 0.60 and a beta of 1.30.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. Ally Financial had a net margin of 26.59% and a return on equity of 10.89%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm posted $0.83 EPS. Ally Financial’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Ally Financial will post 3.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, October 31st. Ally Financial’s payout ratio is currently 20.36%.

About Ally Financial

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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