Ally Financial Inc (ALLY) : Alta Fundamental Advisers reduced its stake in Ally Financial Inc by 20.76% during the most recent quarter end. The investment management company now holds a total of 439,000 shares of Ally Financial Inc which is valued at $7.3 Million after selling 115,000 shares in Ally Financial Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Ally Financial Inc makes up approximately 6.07% of Alta Fundamental Advisers’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in ALLY in the latest quarter, The investment management firm added 547,565 additional shares and now holds a total of 652,567 shares of Ally Financial Inc which is valued at $10.9 Million. Ally Financial Inc makes up approx 0.03% of Susquehanna International Group Llp’s portfolio.Columbia Partners L L C Investment Management boosted its stake in ALLY in the latest quarter, The investment management firm added 3,881 additional shares and now holds a total of 49,770 shares of Ally Financial Inc which is valued at $833,150. Ally Financial Inc makes up approx 0.06% of Columbia Partners L L C Investment Management’s portfolio. Glendon Capital Management Lp added ALLY to its portfolio by purchasing 1,627,700 company shares during the most recent quarter which is valued at $27.2 Million. Ally Financial Inc makes up approx 13.72% of Glendon Capital Management Lp’s portfolio.Proshare Advisors reduced its stake in ALLY by selling 21,601 shares or 25.1% in the most recent quarter. The Hedge Fund company now holds 64,442 shares of ALLY which is valued at $1.1 Million. Ally Financial Inc makes up approx 0.02% of Proshare Advisors’s portfolio.California Public Employees Retirement System boosted its stake in ALLY in the latest quarter, The investment management firm added 99,500 additional shares and now holds a total of 1,553,600 shares of Ally Financial Inc which is valued at $26.7 Million. Ally Financial Inc makes up approx 0.04% of California Public Employees Retirement System’s portfolio.
Ally Financial Inc opened for trading at $17.2 and hit $17.56 on the upside on Wednesday, eventually ending the session at $17.51, with a gain of 2.46% or 0.42 points. The heightened volatility saw the trading volume jump to 51,09,138 shares. Company has a market cap of $8,470 M.
On the company’s financial health, Ally Financial Inc reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.55. The company had revenue of $964.00 million for the quarter, compared to analysts expectations of $1361.75 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on Ally Financial Inc. Ally Financial Inc was Initiated by Macquarie to “Neutral” on May 11, 2016. Ally Financial Inc was Downgraded by Wells Fargo to ” Market Perform” on Apr 27, 2016. Ally Financial Inc was Downgraded by BofA/Merrill to ” Neutral” on Apr 8, 2016.
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.