Entropy Technologies LP Boosts Stock Position in Ally Financial Inc. (NYSE:ALLY)

Entropy Technologies LP grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 14.4% in the 4th quarter, HoldingsChannel reports. The firm owned 33,446 shares of the financial services provider’s stock after acquiring an additional 4,221 shares during the quarter. Entropy Technologies LP’s holdings in Ally Financial were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Ally Financial in the second quarter worth about $702,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Ally Financial by 28.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,600 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 4,400 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Ally Financial by 584.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock worth $49,659,000 after purchasing an additional 1,191,529 shares during the period. Bfsg LLC lifted its stake in Ally Financial by 11.1% in the third quarter. Bfsg LLC now owns 5,810 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 580 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Ally Financial by 8.2% during the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 352 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ALLY. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup lifted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.76.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction 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. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY opened at $37.79 on Tuesday. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market cap of $11.51 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The stock has a 50-day moving average price of $37.22 and a 200-day moving average price of $37.61.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, equities analysts forecast that Ally Financial Inc. will post 3.69 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.18%. Ally Financial’s dividend payout ratio is presently 46.15%.

Ally Financial Company Profile

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.