Ally Financial (NYSE:ALLY) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Ally Financial (NYSE:ALLY) posted its earnings results on Thursday. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12, Briefing.com reports. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company earned $0.82 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year.

Ally Financial Price Performance

NYSE ALLY opened at $39.08 on Friday. The company has a market cap of $11.88 billion, a PE ratio of 13.07, a P/E/G ratio of 0.53 and a beta of 1.40. Ally Financial has a 52-week low of $22.54 and a 52-week high of $41.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. The firm’s 50 day moving average price is $37.71 and its 200-day moving average price is $32.92.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. Ally Financial’s dividend payout ratio is currently 40.13%.

Institutional Trading of Ally Financial

A number of hedge funds have recently bought and sold shares of the stock. Hobbs Group Advisors LLC bought a new position in shares of Ally Financial in the 4th quarter worth $46,000. Public Employees Retirement System of Ohio raised its holdings in Ally Financial by 8.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 133,559 shares of the financial services provider’s stock worth $4,664,000 after purchasing an additional 10,533 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Ally Financial during the fourth quarter valued at about $19,568,000. LifePro Asset Management bought a new stake in shares of Ally Financial in the 4th quarter valued at about $3,595,000. Finally, Voya Investment Management LLC grew its position in shares of Ally Financial by 14.0% in the 4th quarter. Voya Investment Management LLC now owns 152,511 shares of the financial services provider’s stock worth $5,326,000 after buying an additional 18,753 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ALLY. Raymond James downgraded shares of Ally Financial from a “market perform” rating to an “underperform” rating in a research note on Friday, January 5th. Compass Point lifted their price target on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. TD Cowen upped their price objective on Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research report on Monday, January 22nd. Finally, Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $46.00 in a research note on Tuesday, April 9th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.47.

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.