Checking in on Ally Financial Stock After Last Week's Earnings

The dividend will be paid to shareholders of record on May 2

Apr 21, 2022 at 11:10 AM
facebook X logo linkedin


Ally Financial Inc (NYSE:ALLY) declared on April 13 a quarterly cash dividend of $0.30 per share of the financial company's common stock, payable on May 16 to stockholders of record as of May 2. ALLY offers a dividend yield of 2.68% with a forward dividend of $1.20.

The company also shared a first-quarter earnings and revenue beat just one day later, though analysts aren't responding kindly, as ALLY also shared a drop in profits. Since this report late last week, five analysts have chimed in with price-target cuts. The most recent came from BofA Global Research, with lowered its price objective to $52 from $62. The 12-month consensus price target of $59.26 is still a hefty 33.7% premium to current levels. 

ALY has been chopping lower for most of the year, shedding 8.5% in this time period. However, the security did recently break back above the 30-day moving average, which pressured it lower for monst of the month. Moreover, Ally stock trades at a low forward price-earnings ratio of 5.54 but a relatively high price-sales ratio of 1.83.

From a fundamental point of view, Ally stock offers very little consistency and stability. Ally Financial holds $5.06 billion in cash and $17.27 billion in total debt on its balance sheet. ALLY is also estimated to generate limited growth for fiscal 2023, with 0.9% expected earnings growth and 4.7% expected revenues growth, making the stock unideal for long-term investors, despite boasting a decent dividend yield.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI