Ally Financial Inc (NYSE:ALLY) saw some unusual options trading activity on Wednesday. Traders purchased 1,958 put options on the company. This represents an increase of 1,059% compared to the typical volume of 169 put options.

ALLY has been the subject of a number of analyst reports. ValuEngine upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Friday, January 11th. BTIG Research initiated coverage on shares of Ally Financial in a research report on Thursday, January 24th. JPMorgan Chase & Co. upgraded shares of Ally Financial from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 20th. They noted that the move was a valuation call. Finally, Sandler O’Neill upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $29.00 to $33.00 in a research report on Tuesday, February 26th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $32.08.

ALLY opened at $26.50 on Thursday. Ally Financial has a twelve month low of $20.60 and a twelve month high of $29.00. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $10.82 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.59 and a beta of 1.36.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.10. Ally Financial had a net margin of 21.76% and a return on equity of 10.84%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, sell-side analysts expect that Ally Financial will post 3.58 earnings per share for the current fiscal year.

In other Ally Financial news, Director Michael F. Steib bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was bought at an average cost of $26.47 per share, for a total transaction of $52,940.00. Following the completion of the transaction, the director now directly owns 29,027 shares of the company’s stock, valued at approximately $768,344.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Jonathan Brown sold 97,311 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $27.01, for a total transaction of $2,628,370.11. Following the transaction, the chief executive officer now owns 632,569 shares of the company’s stock, valued at $17,085,688.69. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its stake in shares of Ally Financial by 142.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 41,622 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 24,444 shares during the period. SG Americas Securities LLC grew its stake in shares of Ally Financial by 209.1% in the 3rd quarter. SG Americas Securities LLC now owns 27,740 shares of the financial services provider’s stock valued at $734,000 after buying an additional 18,767 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Ally Financial by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,410,524 shares of the financial services provider’s stock valued at $37,308,000 after buying an additional 17,235 shares during the period. Toronto Dominion Bank grew its stake in shares of Ally Financial by 7.8% in the 3rd quarter. Toronto Dominion Bank now owns 46,716 shares of the financial services provider’s stock valued at $1,235,000 after buying an additional 3,385 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Ally Financial by 144.9% in the 3rd quarter. Prudential Financial Inc. now owns 1,278,941 shares of the financial services provider’s stock valued at $33,828,000 after buying an additional 756,795 shares during the period. 99.24% of the stock is owned by institutional investors.

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About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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