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

EntryPoint Capital LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,855 shares of the financial services provider’s stock, valued at approximately $463,000.

Several other institutional investors have also added to or reduced their stakes in the business. Principal Securities Inc. raised its holdings in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Ally Financial during the 4th quarter valued at $43,000. UMB Bank n.a. lifted its holdings in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,061 shares during the period. Brooklyn Investment Group purchased a new position in shares of Ally Financial in the 3rd quarter worth $63,000. Finally, Harbour Investments Inc. grew its holdings in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 595 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ALLY shares. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group lifted their target price on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus target price of $42.53.

Ally Financial Stock Performance

ALLY opened at $37.50 on Wednesday. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average of $37.09 and a 200 day moving average of $36.33.

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 the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Buying and Selling

In related news, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial stock in a transaction on 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 completion of the purchase, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares of the company’s stock, valued at approximately $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.

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.