Robeco Institutional Asset Management B.V. Trims Stock Holdings in Ally Financial Inc. $ALLY

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Ally Financial by 385.2% during the 2nd quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after buying an additional 597 shares in the last quarter. Mather Group LLC. bought a new position in shares of Ally Financial in the third quarter valued at approximately $31,000. Hantz Financial Services Inc. grew its stake in Ally Financial by 662.0% during the second quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 715 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Ally Financial by 116.8% during the 2nd quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 451 shares during the period. Finally, MAI Capital Management lifted its stake in Ally Financial by 45.1% in the 2nd quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 0.4%

NYSE ALLY opened at $45.71 on Friday. The stock has a market cap of $14.08 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 0.22 and a beta of 1.17. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $47.27. The stock has a 50 day simple moving average of $42.68 and a two-hundred day simple moving average of $40.90. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92.

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

Ally Financial announced that its Board of Directors has approved a share repurchase program on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 15.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Truist Financial lifted their price objective on Ally Financial from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. UBS Group began coverage on Ally Financial in a research note on Thursday. They issued a “buy” rating and a $56.00 target price on the stock. Evercore ISI raised Ally Financial from an “in-line” rating to an “outperform” rating and raised their price target for the company from $48.00 to $53.00 in a report on Tuesday, January 6th. Finally, Morgan Stanley set a $53.00 price objective on Ally Financial and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $48.88.

Insider Activity

In related news, insider Kathleen L. Patterson sold 29,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total value of $1,184,940.00. Following the completion of the transaction, the insider directly owned 100,203 shares in the company, valued at $4,094,294.58. This trade represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by insiders.

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.