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

Entropy Technologies LP reduced its position in Ally Financial Inc. (NYSE:ALLY) by 29.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,225 shares of the financial services provider’s stock after selling 12,096 shares during the period. Entropy Technologies LP’s holdings in Ally Financial were worth $1,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLY. Boston Partners acquired a new position in shares of Ally Financial in the 1st quarter valued at about $152,079,000. Wedge Capital Management L L P NC raised its holdings in Ally Financial by 584.7% in the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after buying an additional 1,191,529 shares during the period. Delta Global Management LP lifted its position in Ally Financial by 3,262.3% during the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock valued at $42,051,000 after buying an additional 1,005,182 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after acquiring an additional 987,489 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Ally Financial by 2,088.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock valued at $25,940,000 after acquiring an additional 695,555 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America lowered their price target on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research report on Monday, October 21st. JPMorgan Chase & Co. raised shares of Ally Financial from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $46.00 to $40.00 in a research report on Monday, October 7th. TD Cowen reduced their target price on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Finally, BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.38.

Ally Financial Trading Down 0.2 %

NYSE ALLY opened at $36.58 on Thursday. The firm has a market capitalization of $11.15 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.44 and a beta of 1.40. Ally Financial Inc. has a one year low of $26.43 and a one year high of $45.46. The company has a 50-day simple moving average of $35.40 and a 200-day simple moving average of $38.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. Ally Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.28%. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Ally Financial 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.