Robeco Institutional Asset Management B.V. Sells 378,148 Shares of Ally Financial Inc. $ALLY

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Ally Financial by 68.3%, selling 378,148 shares and retaining 175,283 shares valued at approximately $6.8 million.
• Analysts have upgraded Ally Financial's ratings, including Wells Fargo shifting from "underweight" to "equal weight," with price targets raised to $45.00 and $52.00 from various firms.
• Ally Financial reported $0.99 earnings per share for its latest quarter, surpassing estimates, and announced a quarterly dividend of $0.30 per share.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 68.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,283 shares of the financial services provider's stock after selling 378,148 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Ally Financial worth $6,827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Ally Financial by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,797,505 shares of the financial services provider's stock valued at $320,855,000 after buying an additional 134,113 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Ally Financial during the first quarter worth $253,881,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ally Financial by 10.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,658,877 shares of the financial services provider's stock worth $169,909,000 after acquiring an additional 456,698 shares during the period. First Manhattan CO. LLC. grew its position in shares of Ally Financial by 0.8% in the first quarter. First Manhattan CO. LLC. now owns 4,258,760 shares of the financial services provider's stock valued at $155,317,000 after purchasing an additional 32,121 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Ally Financial by 234.7% during the 1st quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider's stock valued at $136,838,000 after purchasing an additional 2,630,981 shares during the period. Hedge funds and other institutional investors own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ALLY. Wells Fargo & Company upgraded Ally Financial from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $37.00 to $45.00 in a research note on Tuesday, September 2nd. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Citigroup upped their target price on shares of Ally Financial from $59.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, September 15th. JPMorgan Chase & Co. raised their price target on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Morgan Stanley upped their price target on shares of Ally Financial from $47.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $45.36.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $39.58 on Monday. The company's fifty day moving average price is $40.12 and its 200-day moving average price is $37.34. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 0.31 and a beta of 1.18. Ally Financial Inc. has a one year low of $29.52 and a one year high of $44.83.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.21. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.

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.

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