<div id="readability-page-1"><p>Ally Financial (NYSE:ALLY - Get Free Report) declared that its board has approved a share buyback program on Wednesday, December 10th, RTT News reports. The company plans to repurchase $2.00 billion in  outstanding  shares. This repurchase authorization allows the financial services provider to repurchase up to 15.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.</p><div><p><span></span><span>Get <strong>Ally Financial</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><ul><li>Ally Financial: The Tugboat of Auto Finance Keeps Gaining Steam</li></ul><p>Several research firms have weighed in on ALLY. TD Cowen upgraded Ally Financial from a &#34;hold&#34; rating to a &#34;buy&#34; rating and upped their price target for the stock from $43.00 to $50.00 in a research note on Monday, October 20th. Weiss Ratings  reissued a &#34;buy (b-)&#34; rating on shares of Ally Financial in a report on Monday. Keefe, Bruyette &amp; Woods cut their target price on shares of Ally Financial from $56.00 to $51.00 and set an &#34;outperform&#34; rating for the company in a research note on Wednesday, October 1st. Cowen upgraded shares of Ally Financial from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Monday, October 20th. Finally, Citigroup increased their price objective on shares of Ally Financial from $59.00 to $70.00 and gave the company a &#34;buy&#34; rating in a report on Monday, September 15th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned  a Hold rating to the stock. Based on data from MarketBeat, Ally Financial presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $45.67.</p><p><b>Check Out Our Latest Stock Report on Ally Financial</b></p><h2>Ally Financial Price Performance</h2><ul><li>Analysts Weigh In: How Will Lower Rates Impact Carvana Stock?</li></ul><p>ALLY stock traded up $2.14 during trading on Wednesday, hitting $44.48. 9,207,162 shares of the company's stock traded hands, compared to its average volume of 2,676,005. Ally Financial has a 52 week low of $29.52 and a 52 week high of $45.09. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 0.29 and a beta of 1.22. The business has a fifty day simple moving average of $40.02 and a 200 day simple moving average of $39.41. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. </p><p>Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. The firm had revenue of $2.06 billion for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%.  As a group, research analysts expect that  Ally Financial will post 3.57 EPS for the current fiscal year. </p><h2>Ally Financial Announces Dividend</h2><ul><li>3 Overlooked Value Stocks to Buy and Hold for Long-Term Gains</li></ul><p>The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a $0.30 dividend. The ex-dividend date was Friday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. Ally Financial's payout ratio is 72.29%. </p><h2>Insider Buying and Selling at Ally Financial</h2><p>In other news, insider Kathleen L. Patterson sold 29,000 shares of the business's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the transaction, the insider owned 100,203 shares of the company's stock, valued at approximately $4,094,294.58. The trade was a 22.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own  0.67% of the company's stock. </p><h2>About Ally Financial</h2> Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Ally Financial</li><li>How to trade penny stocks: A step-by-step guide</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>What Are Growth Stocks and Investing in Them </li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>What Makes a Stock a Good Dividend Stock?</li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Ally Financial Right Now?</h2><p>Before you consider Ally Financial, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ally Financial wasn't on the list.</p><p>While Ally Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ALLY

<p>Ally Financial (NYSE:ALLY) announced a $2 billion stock buyback program, allowing the repurchase of up to 15.3% of its shares. This move suggests management believes the stock is undervalued. Analysts have given the stock a moderate buy rating, with a target price of $45.67. The company also declared a quarterly dividend of $0.30 per share. Insider trading activity was reported, with a significant sale by an insider. Ally Financial operates in various financial segments across the US, Canada, and Bermuda.</p>

Ally Financial (NYSE:ALLY) to Repurchase $2.00 billion in Outstanding Shares