Tradewinds Global Investors buys $25,632,264 stake in Ally Financial Inc (ALLY)

Ally Financial Inc (ALLY) : Tradewinds Global Investors scooped up 344,131 additional shares in Ally Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,351,200 shares of Ally Financial Inc which is valued at $25,632,264.Ally Financial Inc makes up approximately 1.56% of Tradewinds Global Investors’s portfolio.

Other Hedge Funds, Including , Wetherby Asset Management Inc boosted its stake in ALLY in the latest quarter, The investment management firm added 1,034 additional shares and now holds a total of 11,816 shares of Ally Financial Inc which is valued at $224,150. Ally Financial Inc makes up approx 0.05% of Wetherby Asset Management Inc’s portfolio. Fuller Thaler Asset Management sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 6,400 shares of ALLY which is valued $119,360. Carroll Financial Associates sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 180 shares of ALLY which is valued $3,134.

Ally Financial Inc opened for trading at $19.38 and hit $19.48 on the upside on Friday, eventually ending the session at $19.46, with a gain of 0.10% or 0.02 points. The heightened volatility saw the trading volume jump to 15,00,356 shares. Company has a market cap of $9,412 M.

On the company’s financial health, Ally Financial Inc reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 1333.63.During the same quarter in the previous year, the company posted $0.46 EPS.

Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent diversified financial services firm. Its banking subsidiary Ally Bank is an indirect wholly owned subsidiary of the Company and a franchise in the Internet telephone mobile and mail banking market. Dealer Financial Services which includes the Company’s Automotive Finance and Insurance operations and Mortgage are its primary lines of business. Ally Bank offers deposit products such as checking savings and certificates of deposit (CDs) as well as several raise-your-rate CD terms IRA deposit products Popmoney person-to-person transfer service eCheck remote deposit capture Ally Perks debit rewards program and Mobile Banking.

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