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

Ally Financial Inc. (NYSE:ALLY) announced a quarterly dividend on Tuesday, January 20th. Stockholders of record on Monday, February 2nd will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, February 2nd.

Ally Financial has raised its dividend by an average of 0.1%annually over the last three years. Ally Financial has a payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ally Financial to earn $5.47 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 21.9%.

Ally Financial Stock Down 2.7%

ALLY opened at $42.43 on Wednesday. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 0.21 and a beta of 1.17. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50-day simple moving average is $43.27 and its 200-day simple moving average is $41.10. Ally Financial has a twelve month low of $29.52 and a twelve month high of $47.27.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. Equities research analysts anticipate that Ally Financial will post 3.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on ALLY. Barclays increased their price target on Ally Financial from $44.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods reduced their price objective on Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Ally Financial in a research note on Monday, January 12th. Evercore ISI raised Ally Financial from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $53.00 in a report on Tuesday, January 6th. Finally, Truist Financial increased their price objective on shares of Ally Financial from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.44.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.