Ally Financial (NYSE:ALLY) Announces Quarterly Earnings Results

Ally Financial (NYSE:ALLY) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21, Briefing.com reports. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2,021,808.41 billion. During the same period in the prior year, the business posted $0.45 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Ally Financial Stock Up 1.2 %

Ally Financial stock opened at $40.12 on Friday. The firm’s 50 day moving average price is $36.92 and its two-hundred day moving average price is $37.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial has a twelve month low of $31.95 and a twelve month high of $45.46. The firm has a market cap of $12.22 billion, a PE ratio of 16.05, a P/E/G ratio of 0.40 and a beta of 1.44.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ALLY shares. Truist Financial started coverage on Ally Financial in a research report on Tuesday, January 7th. They issued a “buy” rating and a $42.00 target price for the company. Citigroup raised their target price on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday. Barclays raised their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Evercore ISI dropped their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.47.

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.