Ally Financial Inc. (ALLY) to Issue Quarterly Dividend of $0.30 on February 17th

Ally Financial Inc. (NYSE:ALLY) announced a quarterly dividend on Tuesday, January 20th. Shareholders of record on Monday, February 2nd will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, February 2nd.

Ally Financial has increased its dividend by an average of 0.1%per year over the last three years. Ally Financial has a payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Ally Financial to earn $5.47 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 21.9%.

Ally Financial Stock Down 1.7%

Shares of NYSE:ALLY opened at $42.21 on Friday. Ally Financial has a 52 week low of $29.52 and a 52 week high of $47.27. The company has a market capitalization of $13.00 billion, a PE ratio of 17.96, a P/E/G ratio of 0.22 and a beta of 1.17. The company’s fifty day moving average is $43.86 and its 200-day moving average is $41.19. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Ally Financial had a net margin of 10.77% and a return on equity of 10.40%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. Equities research analysts predict that Ally Financial will post 3.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ally Financial news, CEO Michael George Rhodes acquired 23,800 shares of Ally Financial stock in a transaction on Friday, January 23rd. The shares were purchased at an average cost of $41.68 per share, with a total value of $991,984.00. Following the completion of the purchase, the chief executive officer owned 49,434 shares in the company, valued at $2,060,409.12. The trade was a 92.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Russell E. Hutchinson bought 11,566 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were acquired at an average price of $43.17 per share, with a total value of $499,304.22. Following the transaction, the chief financial officer directly owned 225,336 shares in the company, valued at approximately $9,727,755.12. The trade was a 5.41% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALLY. Sweeney & Michel LLC grew its position in shares of Ally Financial by 4.0% in the 3rd quarter. Sweeney & Michel LLC now owns 6,663 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 256 shares during the period. Signaturefd LLC lifted its stake in Ally Financial by 2.0% in the 4th quarter. Signaturefd LLC now owns 13,933 shares of the financial services provider’s stock valued at $631,000 after acquiring an additional 277 shares in the last quarter. Assetmark Inc. boosted its holdings in Ally Financial by 2.0% during the fourth quarter. Assetmark Inc. now owns 14,583 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 281 shares during the last quarter. MAI Capital Management lifted its position in Ally Financial by 45.1% during the 2nd quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock worth $38,000 after buying an additional 303 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Ally Financial by 33.5% during the third quarter. Bessemer Group Inc. now owns 1,234 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 310 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.