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DETROIT—Michael George Rhodes, the Chief Executive Officer of Ally Financial Inc. (NYSE:ALLY), a financial services company with an $11.9 billion market capitalization, recently acquired 25,634 shares of the company’s common stock, according to a recent filing with the Securities and Exchange Commission. The shares were purchased at an average price of $39.0925 per share, resulting in a total transaction value of approximately $1,002,097.
The acquisition was made on January 27, 2025, and the shares are held in a trust where Rhodes is the sole beneficiary. Following this transaction, Rhodes now holds a total of 261,821 shares directly.
This purchase reflects Rhodes’ continued investment in Ally Financial, a company known for its strong presence in the financial services sector. The company offers a 3.07% dividend yield and has maintained dividend payments for 10 consecutive years. InvestingPro analysis suggests the stock is currently slightly undervalued, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US equities.
In other recent news, Ally Financial has been making notable strides in its financial performance and operational strategies. The company disclosed strong fourth-quarter earnings and revenue results, with adjusted earnings per share of $0.78 and revenue of $2.1 billion, surpassing analyst expectations. Several analyst firms, including Truist Securities, TD Cowen, RBC Capital, Jefferies, and Citi, have responded to these developments with adjusted price targets and maintained ratings.
In addition to its financial performance, Ally Financial announced strategic operational changes, including the sale of its Credit Card business and a halt to new mortgage loan applications. These changes, coupled with a workforce reduction expected to generate over $60 million in annual savings, are among the recent developments shaping the company’s trajectory.
Ally Financial’s consumer auto originations reached $10.3 billion in the quarter, with the highest credit quality tier accounting for 49% of this volume. The company’s retail deposits grew by $2.0 billion quarter-over-quarter, with a customer retention rate exceeding 95%. Ally Bank now serves 3.3 million depositors with $143 billion in balances, 92% of which are FDIC insured. These are notable developments that reflect the company’s recent performance and growth trajectory.
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