Ally Financial Inc. (NYSE:ALLY) Shares Sold by Entropy Technologies LP

Entropy Technologies LP trimmed its position in Ally Financial Inc. (NYSE:ALLY) by 29.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Ally Financial by 68.8% in the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after acquiring an additional 28,114 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Ally Financial by 245.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider’s stock worth $24,687,000 after purchasing an additional 432,350 shares during the period. OLD National Bancorp IN raised its stake in shares of Ally Financial by 3.8% during the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider’s stock worth $34,933,000 after buying an additional 32,478 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Ally Financial by 15.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider’s stock valued at $14,988,000 after buying an additional 49,539 shares during the period. Finally, Fulton Bank N.A. purchased a new stake in shares of Ally Financial in the second quarter valued at approximately $689,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $36.58 on Thursday. 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 current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap 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 12 month low of $26.43 and a 12 month high of $45.46.

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

Ally Financial Announces Dividend

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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Analyst Ratings Changes

ALLY has been the subject of a number of recent analyst reports. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Keefe, Bruyette & Woods reduced their price objective on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. TD Cowen lowered 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. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. Finally, Evercore ISI lowered their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.38.

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.