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

Robeco Institutional Asset Management B.V. grew its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,615,663 shares of the financial services provider's stock after purchasing an additional 109,677 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.53% of Ally Financial worth $57,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC increased 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 worth $2,455,000 after purchasing an additional 28,114 shares during the period. Private Management Group Inc. increased its stake 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 worth $25,685,000 after buying an additional 21,846 shares during the period. Silvant Capital Management LLC acquired a new stake in Ally Financial in the third quarter valued at approximately $1,321,000. US Bancorp DE lifted its stake in 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 acquiring an additional 590 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Ally Financial by 0.8% in the third 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 and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Performance

Shares of NYSE:ALLY traded up $0.93 on Tuesday, reaching $35.18. The company's stock had a trading volume of 1,494,831 shares, compared to its average volume of 3,481,481. Ally Financial Inc. has a 52-week low of $25.16 and a 52-week high of $45.46. The stock has a market capitalization of $10.69 billion, a P/E ratio of 14.07, a PEG ratio of 0.41 and a beta of 1.40. The stock's 50-day moving average is $36.06 and its two-hundred day moving average is $38.90. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, November 1st. Ally Financial's dividend payout ratio (DPR) is presently 48.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ALLY shares. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a report on Monday, October 21st. Morgan Stanley cut their price target on Ally Financial from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. TD Cowen lowered their price objective on Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, September 23rd. Keefe, Bruyette & Woods cut their target price on Ally Financial from $50.00 to $44.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Finally, BTIG Research downgraded Ally Financial from a "buy" rating to a "neutral" rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Ally Financial has an average rating of "Hold" and an average target price of $40.38.

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.