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

Robeco Institutional Asset Management B.V. cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 32.4% in the 4th quarter, according to the company in its most recent Form 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. owned about 0.36% of Ally Financial worth $39,311,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ALLY. Venturi Wealth Management LLC raised its stake in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares during the period. Allworth Financial LP lifted its stake in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 421 shares in the last quarter. UMB Bank n.a. boosted its holdings 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 purchasing an additional 1,061 shares during the period. Quarry LP grew its position in shares of Ally Financial by 311.4% during the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Ally Financial in the third quarter worth $63,000. Institutional investors own 88.76% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

ALLY has been the subject of several recent analyst reports. Citigroup boosted their target price on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group boosted their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Royal Bank of Canada boosted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Truist Financial raised their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus target price of $43.76.

Ally Financial Stock Up 2.5 %

Shares of Ally Financial stock opened at $39.87 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.92 and a current ratio of 0.93. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The company’s 50 day moving average price is $37.27 and its 200-day moving average price is $37.85. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Equities research analysts forecast that Ally Financial Inc. will post 3.91 EPS for the current year.

Ally Financial Announces Dividend

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

Ally Financial 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.