Entropy Technologies LP Has $1.20 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Entropy Technologies LP boosted its position in Ally Financial Inc. (NYSE:ALLY) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,446 shares of the financial services provider’s stock after purchasing an additional 4,221 shares during the period. Entropy Technologies LP’s holdings in Ally Financial were worth $1,204,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ALLY. Assenagon Asset Management S.A. increased its stake in shares of Ally Financial by 233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after buying an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after acquiring an additional 1,563,008 shares during the period. Wedge Capital Management L L P NC increased its position in 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 valued at $49,659,000 after acquiring an additional 1,191,529 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Ally Financial during the third quarter worth $21,571,000. Finally, 140 Summer Partners LP bought a new stake in shares of Ally Financial in the third quarter worth $19,140,000. 88.76% of the stock is currently owned by institutional investors.

Insider Activity at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Ally Financial Stock Down 1.3 %

Shares of NYSE:ALLY opened at $37.79 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The business’s 50 day simple moving average is $37.22 and its two-hundred day simple moving average is $37.61. The firm has a market cap of $11.51 billion, a P/E ratio of 14.53, a PEG ratio of 0.43 and a beta of 1.45.

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

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued 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 dividend yield of 3.18%. Ally Financial’s dividend payout ratio is presently 46.15%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALLY. StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial raised their price target on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $43.76.

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.