Ally Financial Inc. (ALLY) To Go Ex-Dividend on January 31st

Ally Financial Inc. (NYSE:ALLY) announced 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 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date 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 dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

ALLY stock opened at $39.14 on Wednesday. Ally Financial has a 1 year low of $31.95 and a 1 year high of $45.46. The stock has a market capitalization of $11.93 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The company’s 50-day moving average is $37.13 and its 200-day moving average is $37.87. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts expect that Ally Financial will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALLY. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their target price on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Barclays raised their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Citigroup upped their price target on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their price objective on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One research 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $43.76.

Insider Buying and Selling

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This trade 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 can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

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.