Ally Financial Inc. (NYSE:ALLY) Plans $0.30 Quarterly Dividend

Ally Financial Inc. (NYSE:ALLY) declared a quarterly dividend on Friday, January 17th,RTT News reports. Investors of record on Friday, January 31st will be given a dividend of 0.30 per share by the financial services provider on Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, January 31st.

Ally Financial has increased its dividend by an average of 10.9% per year over the last three years. Ally Financial has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ally Financial to earn $5.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.3%.

Ally Financial Stock Performance

ALLY opened at $39.14 on Wednesday. The company has a fifty day moving average of $37.13 and a 200 day moving average of $37.87. Ally Financial has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $0.45 EPS. Ally Financial’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ally Financial will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson acquired 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ALLY. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their target price on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Morgan Stanley raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group raised their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus target price of $43.76.

Ally Financial Company Profile

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.