Ally Financial Inc. (NYSE:ALLY) Announces $0.30 Quarterly Dividend

Ally Financial Inc. (NYSE:ALLY) declared a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, July 31st will be paid a dividend of 0.30 per share by the financial services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st.

Ally Financial has raised its dividend payment 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 $6.46 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 18.6%.

Ally Financial Trading Down 0.4%

Shares of NYSE:ALLY opened at $45.48 on Tuesday. The company has a market capitalization of $13.94 billion, a PE ratio of 11.09, a P/E/G ratio of 0.26 and a beta of 1.09. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. Ally Financial has a 12-month low of $35.92 and a 12-month high of $47.29. The business’s fifty day simple moving average is $44.15 and its 200-day simple moving average is $42.64.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business posted $0.58 EPS. The firm’s quarterly revenue was up 36.4% on a year-over-year basis. As a group, equities research analysts predict that Ally Financial will post 5.31 earnings per share for the current fiscal year.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the sale, the insider owned 93,927 shares in the company, valued at $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ally Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oldfield Partners LLP raised its position in Ally Financial by 27.4% during the second quarter. Oldfield Partners LLP now owns 1,615,100 shares of the financial services provider’s stock valued at $74,214,000 after acquiring an additional 347,700 shares in the last quarter. Oliver Luxxe Assets LLC increased its stake in shares of Ally Financial by 36.6% during the second quarter. Oliver Luxxe Assets LLC now owns 11,639 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 3,121 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Ally Financial by 75.6% in the second quarter. Assenagon Asset Management S.A. now owns 895,286 shares of the financial services provider’s stock valued at $41,138,000 after acquiring an additional 385,311 shares in the last quarter. GAMMA Investing LLC boosted its stake in Ally Financial by 16.2% during the 2nd quarter. GAMMA Investing LLC now owns 12,097 shares of the financial services provider’s stock worth $556,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Ally Financial by 17.5% in the 2nd quarter. Versant Capital Management Inc now owns 6,869 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 1,023 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Company Profile

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.