Entropy Technologies LP Sells 12,096 Shares of Ally Financial Inc. (NYSE:ALLY)

Entropy Technologies LP lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 29.3% in 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 quarter. Entropy Technologies LP’s holdings in Ally Financial were worth $1,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Oppenheimer & Co. Inc. purchased a new stake in shares of Ally Financial in the first quarter valued at about $367,000. US Bancorp DE lifted its position in shares of Ally Financial by 5.1% during the 1st quarter. US Bancorp DE now owns 16,297 shares of the financial services provider’s stock worth $661,000 after buying an additional 793 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Ally Financial by 13.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 398,252 shares of the financial services provider’s stock worth $16,165,000 after buying an additional 46,880 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ally Financial by 17.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 159,405 shares of the financial services provider’s stock valued at $6,470,000 after acquiring an additional 23,803 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Ally Financial by 107.0% in the first quarter. Blair William & Co. IL now owns 20,019 shares of the financial services provider’s stock valued at $813,000 after acquiring an additional 10,350 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Trading Down 0.2 %

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

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

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid 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 yield of 3.28%. Ally Financial’s dividend payout ratio is currently 48.00%.

Analyst Ratings Changes

ALLY has been the subject of a number of recent analyst reports. Evercore ISI reduced their price objective on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research note on Monday, October 7th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. Raymond James raised shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.38.

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.