Robeco Institutional Asset Management B.V. Raises Position in Ally Financial Inc. (NYSE:ALLY)

Robeco Institutional Asset Management B.V. lifted its stake in Ally Financial Inc. (NYSE:ALLY) by 7.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,615,663 shares of the financial services provider’s stock after buying an additional 109,677 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ally Financial were worth $57,501,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ALLY. Janney Montgomery Scott LLC grew its holdings in Ally Financial by 68.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after purchasing an additional 28,114 shares during the last quarter. Private Management Group Inc. boosted its position in shares of Ally Financial by 3.1% during the third quarter. Private Management Group Inc. now owns 721,693 shares of the financial services provider’s stock valued at $25,685,000 after buying an additional 21,846 shares during the period. Silvant Capital Management LLC bought a new position in shares of Ally Financial during the third quarter valued at approximately $1,321,000. US Bancorp DE raised its holdings in shares of Ally Financial by 4.2% in the third quarter. US Bancorp DE now owns 14,516 shares of the financial services provider’s stock worth $517,000 after buying an additional 590 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in shares of Ally Financial by 0.8% during the 3rd quarter. New York State Teachers Retirement System now owns 108,157 shares of the financial services provider’s stock worth $3,849,000 after acquiring an additional 846 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ALLY. TD Cowen reduced their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, October 21st. Bank of America lowered their price objective on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Evercore ISI reduced their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Finally, Barclays lowered their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.38.

Ally Financial Price Performance

Shares of ALLY stock opened at $34.25 on Tuesday. The company has a market cap of $10.41 billion, a P/E ratio of 13.70, a PEG ratio of 0.42 and a beta of 1.40. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50-day moving average is $36.06 and its 200 day moving average is $38.90. Ally Financial Inc. has a 1-year low of $25.16 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business posted $0.83 EPS. Ally Financial’s revenue was up 6.9% on a year-over-year basis. Research analysts predict that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.50%. Ally Financial’s dividend payout ratio 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.