Ally Financial (NYSE:ALLY) Releases Earnings Results

Ally Financial (NYSE:ALLY - Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.15, Zacks reports. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm posted $0.45 EPS.

Ally Financial Stock Up 3.2 %

Ally Financial stock traded up $0.96 during midday trading on Tuesday, hitting $31.05. 1,262,907 shares of the stock were exchanged, compared to its average volume of 3,504,880. The company has a 50 day moving average price of $35.00 and a two-hundred day moving average price of $36.16. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $9.54 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.32 and a beta of 1.12. Ally Financial has a 1 year low of $29.52 and a 1 year high of $45.46.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.87%. Ally Financial's payout ratio is currently 88.24%.

Insider Transactions at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the business's stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the purchase, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ALLY. StockNews.com cut Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Jefferies Financial Group upped their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a report on Monday. BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company reduced their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $41.69.

About Ally Financial

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.