3,747,047 Shares in Ally Financial Inc. (NYSE:ALLY) Purchased by Boston Partners

Boston Partners bought a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,747,047 shares of the financial services provider’s stock, valued at approximately $152,079,000. Boston Partners owned 1.23% of Ally Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Donald Smith & CO. Inc. boosted its position in Ally Financial by 0.8% during the first quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock worth $112,616,000 after purchasing an additional 21,657 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ally Financial by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,346,882 shares of the financial services provider’s stock worth $81,953,000 after purchasing an additional 42,556 shares in the last quarter. Magnolia Group LLC boosted its position in Ally Financial by 3.7% during the fourth quarter. Magnolia Group LLC now owns 2,120,122 shares of the financial services provider’s stock worth $74,035,000 after purchasing an additional 76,000 shares in the last quarter. Scout Investments Inc. purchased a new position in Ally Financial during the fourth quarter worth approximately $63,080,000. Finally, Norges Bank purchased a new position in Ally Financial during the fourth quarter worth approximately $62,869,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Down 4.4 %

NYSE ALLY traded down $1.88 during trading on Friday, reaching $40.67. 4,032,328 shares of the company’s stock were exchanged, compared to its average volume of 3,048,093. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $45.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market cap of $12.36 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.41. The company has a 50 day moving average price of $40.67 and a two-hundred day moving average price of $38.81.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.33. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.42 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, August 1st. Ally Financial’s payout ratio is 48.98%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Compass Point raised their target price on Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Evercore ISI lifted their price objective on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Wells Fargo & Company lifted their price objective on Ally Financial from $33.00 to $37.00 and gave the stock an “underweight” rating in a research report on Thursday, July 18th. Finally, Citigroup began coverage on Ally Financial in a research report on Monday, June 24th. They set a “buy” rating and a $50.00 price objective on the stock. Two investment 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.78.

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.