Robeco Institutional Asset Management B.V. Buys 109,677 Shares of Ally Financial Inc. (NYSE:ALLY)

Robeco Institutional Asset Management B.V. raised its position in shares of Ally Financial Inc. (NYSE:ALLY) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,615,663 shares of the financial services provider’s stock after acquiring an additional 109,677 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.53% of Ally Financial worth $57,501,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ALLY. Price T Rowe Associates Inc. MD raised its holdings in Ally Financial by 245.9% in the first 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 in the last quarter. OLD National Bancorp IN increased its stake in shares of Ally Financial by 3.8% in the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider’s stock worth $34,933,000 after acquiring an additional 32,478 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Ally Financial by 15.5% during 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 acquiring an additional 49,539 shares during the period. Fulton Bank N.A. bought a new stake in Ally Financial during the second quarter worth about $689,000. Finally, Duality Advisers LP purchased a new stake in Ally Financial in the first quarter worth about $1,000,000. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Bank of America dropped their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, October 21st. JPMorgan Chase & Co. upgraded shares of Ally Financial from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $46.00 to $40.00 in a research note on Monday, October 7th. Finally, Morgan Stanley decreased their target price on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.38.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $34.25 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 12-month low of $25.16 and a 12-month high of $45.46. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40. The firm has a 50 day moving average of $36.06 and a 200 day moving average of $38.90.

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

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.50%. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

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.