Entropy Technologies LP Sells 39,940 Shares of Ally Financial Inc. $ALLY

Entropy Technologies LP lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 84.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,334 shares of the financial services provider’s stock after selling 39,940 shares during the period. Entropy Technologies LP’s holdings in Ally Financial were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ally Financial during the fourth quarter valued at approximately $29,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ally Financial in the 4th quarter worth approximately $35,000. Safe Harbor Fiduciary LLC bought a new position in shares of Ally Financial during the 4th quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ally Financial during the 4th quarter valued at approximately $38,000. Finally, SJS Investment Consulting Inc. raised its holdings in Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after buying an additional 240 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Up 1.4%

NYSE:ALLY opened at $43.56 on Friday. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.27 and a beta of 1.09. Ally Financial Inc. has a 52 week low of $35.92 and a 52 week high of $47.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average of $44.42 and a 200 day moving average of $42.51.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.Ally Financial’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. As a group, sell-side analysts anticipate that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is 28.30%.

Insider Activity

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the transaction, the insider owned 93,927 shares in the company, valued at approximately $3,958,083.78. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALLY. Weiss Ratings upgraded shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group upped their price target on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, April 20th. Evercore reissued an “outperform” rating and issued a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. Morgan Stanley raised their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada boosted their target price on Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.86.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.