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

Ally Financial Inc. (NYSE:ALLY) announced 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 annualized dividend and a dividend yield of 3.25%.

Ally Financial has raised its dividend by an average of 10.9% per year over the last three years. Ally Financial has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.1 %

Ally Financial stock opened at $36.96 on Friday. Ally Financial has a 12 month low of $31.77 and a 12 month high of $45.46. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The stock has a market cap of $11.26 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.33 and a beta of 1.44. The company’s fifty day simple moving average is $36.85 and its 200-day simple moving average is $37.99.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Ally Financial will post 2.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Barclays raised their target price on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. StockNews.com raised Ally Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, TD Cowen reduced their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.53.

About Ally Financial

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.