Robeco Institutional Asset Management B.V. Sells 523,988 Shares of Ally Financial Inc. (NYSE:ALLY)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,091,675 shares of the financial services provider’s stock after selling 523,988 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ally Financial were worth $39,311,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. KBC Group NV increased its stake in Ally Financial by 133.3% during the 4th quarter. KBC Group NV now owns 582,042 shares of the financial services provider’s stock valued at $20,960,000 after purchasing an additional 332,538 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Ally Financial by 73.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,326 shares of the financial services provider’s stock valued at $516,000 after acquiring an additional 6,065 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Ally Financial by 55.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 1,690 shares during the last quarter. UMB Bank n.a. lifted its position in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in Ally Financial during the 4th quarter valued at $227,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

ALLY has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their price target on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Evercore ISI dropped 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 report on Monday, October 7th. Finally, Wells Fargo & Company boosted their target price on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ally Financial currently has an average rating of “Hold” and a consensus target price of $43.76.

Ally Financial Stock Performance

NYSE:ALLY opened at $39.87 on Friday. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.42 and a beta of 1.44. The stock’s 50 day simple moving average is $37.27 and its two-hundred day simple moving average is $37.85. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.92. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating 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 company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm posted $0.45 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.91 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio is presently 46.15%.

Insider Activity

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

Ally Financial Company 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.