Entropy Technologies LP Has $1.04 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Entropy Technologies LP cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 29.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,225 shares of the financial services provider’s stock after selling 12,096 shares during the quarter. Entropy Technologies LP’s holdings in Ally Financial were worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 526 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Ally Financial in the 1st quarter worth about $28,000. Venturi Wealth Management LLC raised its position in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ally Financial during the second quarter valued at about $41,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Ally Financial during the second quarter worth about $52,000. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALLY shares. Evercore ISI dropped their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research note on Monday, October 21st. TD Cowen reduced their price objective on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Bank of America lowered their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. 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 Price Performance

Shares of NYSE ALLY opened at $36.58 on Thursday. The firm has a market capitalization of $11.15 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.44 and a beta of 1.40. The firm’s 50-day moving average price is $35.40 and its 200-day moving average price is $38.80. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 1-year low of $26.43 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. Equities research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a 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.