Ally Financial Inc. (ALLY) To Go Ex-Dividend on July 31st

Ally Financial Inc. (NYSE:ALLY) declared a quarterly dividend on Monday, July 20th. Investors of record on Friday, July 31st will be given a dividend of 0.30 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, July 31st.

Ally Financial has increased its dividend payment by an average of 0.1%annually over the last three years. Ally Financial has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ally Financial to earn $6.37 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 18.8%.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $44.08 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Ally Financial has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The business has a 50 day moving average price of $44.39 and a two-hundred day moving average price of $42.55. The firm has a market cap of $13.41 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.27 and a beta of 1.09.

Ally Financial (NYSE:ALLY) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts expect that Ally Financial will post 5.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $42.14, for a total value of $210,700.00. Following the transaction, the insider directly owned 93,927 shares in the company, valued at approximately $3,958,083.78. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Ally Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ally Financial in the fourth quarter valued at approximately $29,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ally Financial during the 4th quarter worth approximately $35,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Ally Financial during the 4th quarter worth approximately $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ally Financial in the 4th quarter worth approximately $38,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Ally Financial by 30.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

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.