Ally Financial (NYSE:ALLY) Issues Earnings Results

Ally Financial (NYSE:ALLY - Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12, Briefing.com reports. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period last year, the business earned $0.82 earnings per share. Ally Financial's revenue was down 5.4% compared to the same quarter last year.

Ally Financial Stock Up 1.0 %

Ally Financial stock traded up $0.37 during trading on Friday, reaching $39.08. The stock had a trading volume of 7,235,932 shares, compared to its average volume of 4,012,614. Ally Financial has a 52-week low of $22.54 and a 52-week high of $41.56. The business has a 50 day moving average price of $37.71 and a 200 day moving average price of $32.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54. The stock 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 Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC lifted its stake in Ally Financial by 8.2% in the first quarter. EP Wealth Advisors LLC now owns 4,656 shares of the financial services provider's stock worth $202,000 after acquiring an additional 354 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Ally Financial during the 1st quarter worth approximately $201,000. First Horizon Advisors Inc. lifted its position in shares of Ally Financial by 5.4% during the 1st quarter. First Horizon Advisors Inc. now owns 7,899 shares of the financial services provider's stock worth $201,000 after buying an additional 402 shares during the last quarter. Money Concepts Capital Corp lifted its position in shares of Ally Financial by 282.2% during the 4th quarter. Money Concepts Capital Corp now owns 5,186 shares of the financial services provider's stock worth $127,000 after buying an additional 3,829 shares during the last quarter. Finally, Ossiam lifted its position in shares of Ally Financial by 86.4% during the 1st quarter. Ossiam now owns 4,087 shares of the financial services provider's stock worth $104,000 after buying an additional 1,894 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Ally Financial from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 2nd. Raymond James cut shares of Ally Financial from a "market perform" rating to an "underperform" rating in a research report on Friday, January 5th. BMO Capital Markets lifted their price target on shares of Ally Financial from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Friday. Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a research report on Monday, January 22nd. Finally, Compass Point lifted their price target on shares of Ally Financial from $28.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Ally Financial has a consensus rating of "Hold" and an average 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.