Graybill Bartz Assoc Ltd buys $2.8 Million stake in Ally Financial Inc (ALLY)

Ally Financial Inc (ALLY) : Graybill Bartz Assoc Ltd scooped up 1,960 additional shares in Ally Financial Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 161,050 shares of Ally Financial Inc which is valued at $2.8 Million.Ally Financial Inc makes up approximately 2.54% of Graybill Bartz Assoc Ltd’s portfolio.

On the company’s financial health, Ally Financial Inc reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 1327.20.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Ally Financial Inc. Ally Financial Inc was Downgraded by BofA/Merrill to ” Neutral” on Apr 8, 2016. Shares were Reiterated by Compass Point on Feb 3, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $26 .Shares were Reiterated by Barclays on Feb 3, 2016 to “Overweight” and Lowered the Price Target to $ 23 from a previous price target of $27 .

Ally Financial Inc opened for trading at $17.11 and hit $17.6 on the upside on Monday, eventually ending the session at $17.2, with a gain of 1.42% or 0.24 points. The heightened volatility saw the trading volume jump to 35,71,966 shares. Company has a market cap of $8,309 M.

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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