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

Ally Financial Inc. (NYSE:ALLY) declared a quarterly dividend on Tuesday, July 16th, NASDAQ reports. Stockholders of record on Thursday, August 1st will be given a dividend of 0.30 per share by the financial services provider on Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, July 31st.

Ally Financial has increased its dividend by an average of 16.5% per year over the last three years. Ally Financial has a dividend payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ally Financial to earn $5.60 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 21.4%.

Ally Financial Trading Up 0.4 %

ALLY opened at $44.17 on Tuesday. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.43 and a beta of 1.42. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. Ally Financial has a 12 month low of $22.54 and a 12 month high of $44.50. The stock has a fifty day moving average price of $40.33 and a 200-day moving average price of $38.60.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.64 by $0.33. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. As a group, equities research analysts anticipate that Ally Financial will post 3.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets boosted their price target on Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Citigroup started coverage on Ally Financial in a research note on Monday, June 24th. They set a “buy” rating and a $50.00 target price on the stock. TD Cowen boosted their target price on Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, Barclays boosted their target price on Ally Financial from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.78.

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.