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

Ally Financial Inc. (NYSE:ALLY) declared a quarterly dividend on Friday, January 17th,RTT News reports. Shareholders 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 annualized dividend and a yield of 3.18%.

Ally Financial has increased its dividend payment by an average of 10.9% per year over the last three years. Ally Financial has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ally Financial to earn $3.99 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 30.1%.

Ally Financial Stock Performance

Shares of NYSE ALLY traded up $0.33 during trading hours on Friday, reaching $37.70. The stock had a trading volume of 297,013 shares, compared to its average volume of 2,632,359. The firm has a 50-day moving average of $36.87 and a 200-day moving average of $38.01. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.33 and a beta of 1.44. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial has a fifty-two week low of $31.77 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. Ally Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. Equities research analysts predict that Ally Financial will post 2.95 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. TD Cowen dropped their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Morgan Stanley increased their price target on Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.53.

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.