EntryPoint Capital LLC Takes Position in Ally Financial Inc. (NYSE:ALLY)

EntryPoint Capital LLC purchased a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,855 shares of the financial services provider's stock, valued at approximately $463,000.

A number of other institutional investors have also made changes to their positions in ALLY. Vanguard Group Inc. raised its stake in Ally Financial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock valued at $1,017,360,000 after purchasing an additional 111,231 shares during the last quarter. State Street Corp raised its position in shares of Ally Financial by 0.5% during the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after buying an additional 51,426 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in shares of Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock valued at $106,455,000 after buying an additional 1,272,853 shares during the period. Assenagon Asset Management S.A. grew its position in Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after buying an additional 1,701,264 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Ally Financial by 217.0% during the third 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. 88.76% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

ALLY has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Morgan Stanley increased their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $42.53.

Ally Financial Stock Performance

Shares of NYSE:ALLY traded up $0.18 on Friday, hitting $37.50. The company had a trading volume of 6,160,333 shares, compared to its average volume of 3,397,104. The stock has a 50 day moving average price of $37.09 and a 200 day moving average price of $36.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $0.45 earnings per share. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's payout ratio is 46.15%.

Insider Activity

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

About Ally Financial

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.