Ally Financial (ALLY) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Ally Financial (NYSE:ALLY) released its quarterly earnings results on Thursday. The financial services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01, MarketWatch Earnings reports. Ally Financial had a net margin of 21.76% and a return on equity of 10.84%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. Ally Financial’s revenue for the quarter was up 13.9% on a year-over-year basis.
Shares of Ally Financial stock opened at $29.73 on Friday. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.50 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.33. Ally Financial has a one year low of $20.60 and a one year high of $30.20.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.68 dividend on an annualized basis and a yield of 2.29%. Ally Financial’s payout ratio is currently 20.36%.
In other news, CAO David J. Debrunner sold 2,222 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $27.73, for a total transaction of $61,616.06. Following the transaction, the chief accounting officer now directly owns 112,423 shares of the company’s stock, valued at approximately $3,117,489.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Jonathan Brown sold 97,311 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $27.01, for a total transaction of $2,628,370.11. Following the transaction, the chief executive officer now directly owns 632,569 shares in the company, valued at $17,085,688.69. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Ally Financial during the 1st quarter worth $31,000. Private Capital Group LLC grew its stake in shares of Ally Financial by 53.5% during the 4th quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 634 shares during the period. Enlightenment Research LLC acquired a new position in shares of Ally Financial during the 4th quarter worth $54,000. Truvestments Capital LLC acquired a new position in shares of Ally Financial during the 1st quarter worth $74,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Ally Financial by 2,129.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,394,346 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 2,286,941 shares during the last quarter.
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About Ally Financial
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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