Ally Financial (NYSE:ALLY) Releases Earnings Results, Beats Estimates By $0.14 EPS

Key Points

• Ally Financial reported a quarterly EPS of $1.15, exceeding estimates by $0.14, and showing a year-over-year revenue increase of 1.5%.
• The company announced a quarterly dividend of $0.30, with a yield of 3.1%, reflecting a dividend payout ratio of 77.92%.
• Analysts maintain a moderate buy rating on Ally Financial, with nine ratings for Buy and a consensus price target of $45.14.

Ally Financial (NYSE:ALLY - Get Free Report) posted its quarterly earnings results on Friday. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.14, Zacks reports. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. During the same period in the prior year, the company posted $0.95 EPS. The business's revenue was up 1.5% on a year-over-year basis.

Ally Financial Trading Down 3.2%

Shares of NYSE:ALLY opened at $38.43 on Friday. The company has a market cap of $11.83 billion, a PE ratio of 24.95, a P/E/G ratio of 0.30 and a beta of 1.18. The company's 50-day moving average price is $40.35 and its 200 day moving average price is $37.45. Ally Financial has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $0.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.1%. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.

Institutional Trading of Ally Financial

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Ally Financial by 374.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 1,166 shares during the last quarter. NewEdge Advisors LLC increased its stake in Ally Financial by 22.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider's stock valued at $82,000 after buying an additional 415 shares during the period. Evergreen Capital Management LLC acquired a new position in Ally Financial during the 2nd quarter valued at about $203,000. AXA S.A. acquired a new position in Ally Financial during the 2nd quarter valued at about $205,000. Finally, Focus Partners Wealth acquired a new position in Ally Financial during the 1st quarter valued at about $259,000. 88.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ALLY shares. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Morgan Stanley raised their price target on shares of Ally Financial from $47.00 to $52.00 and gave the stock an "overweight" rating in a research report on Monday, September 29th. Weiss Ratings restated a "hold (c+)" rating on shares of Ally Financial in a research report on Tuesday. Keefe, Bruyette & Woods reduced their price target on shares of Ally Financial from $56.00 to $51.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 1st. Finally, Evercore ISI reduced their price target on shares of Ally Financial from $45.00 to $44.00 and set an "in-line" rating on the stock in a research report on Tuesday, September 30th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Ally Financial has an average rating of "Moderate Buy" and a consensus target price of $45.14.

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.

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