Robeco Institutional Asset Management B.V. Cuts Stake in Ally Financial Inc. $ALLY

Robeco Institutional Asset Management B.V. lessened its stake in Ally Financial Inc. (NYSE:ALLY) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,942 shares of the financial services provider’s stock after selling 33,341 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Ally Financial were worth $5,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Ally Financial by 106.5% during the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock valued at $9,158,000 after buying an additional 129,497 shares during the last quarter. NewEdge Advisors LLC lifted its position in Ally Financial by 22.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 415 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Ally Financial by 35.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,379,207 shares of the financial services provider’s stock valued at $86,770,000 after purchasing an additional 616,247 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Ally Financial by 11.1% in the 1st quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 1,292 shares in the last quarter. Finally, SCS Capital Management LLC bought a new stake in shares of Ally Financial in the 1st quarter worth $267,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Price Performance

NYSE ALLY opened at $45.71 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.31. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $47.27. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 0.22 and a beta of 1.17. The company’s 50 day moving average is $42.68 and its two-hundred day moving average is $40.90.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. The firm had revenue of $2.06 billion during the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. As a group, research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial declared that its board has authorized a stock buyback plan on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 15.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Evercore ISI raised Ally Financial from an “in-line” rating to an “outperform” rating and increased their target price for the company from $48.00 to $53.00 in a report on Tuesday, January 6th. Wells Fargo & Company upgraded Ally Financial from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 17th. Keefe, Bruyette & Woods reduced their price target on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.88.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the sale, the insider directly owned 100,203 shares of the company’s stock, valued at $4,094,294.58. This trade represents a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

Ally Financial Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.