Ally Financial Inc (ALLY) : Glendon Capital Management Lp added new position in Ally Financial Inc during the most recent quarter end. The investment management firm now holds 1,627,700 shares of Ally Financial Inc which is valued at $27,247,698 , the company said in a statement filed on May 9, 2016 with the SEC.Ally Financial Inc makes up approximately 13.72% of Glendon Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Kayne Anderson Capital Advisors Lp reduced its stake in ALLY by selling 15,000 shares or 25.38% in the most recent quarter. The Hedge Fund company now holds 44,100 shares of ALLY which is valued at $738,234. Ally Financial Inc makes up approx 0.01% of Kayne Anderson Capital Advisors Lp’s portfolio.Quadrant Capital Group boosted its stake in ALLY in the latest quarter, The investment management firm added 775 additional shares and now holds a total of 944 shares of Ally Financial Inc which is valued at $16,813. Ally Financial Inc makes up approx 0.01% of Quadrant Capital Group’s portfolio. Winfield Associates added ALLY to its portfolio by purchasing 140 company shares during the most recent quarter which is valued at $2,493. K.j. Harrison Partners Inc added ALLY to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $267,150. Ally Financial Inc makes up approx 0.14% of K.j. Harrison Partners Inc’s portfolio.Glenmede Trust Co Na reduced its stake in ALLY by selling 1,051 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 54,754 shares of ALLY which is valued at $975,169. Ally Financial Inc makes up approx 0.01% of Glenmede Trust Co Na’s portfolio.
Ally Financial Inc closed down -0.11 points or -0.65% at $16.74 with 24,27,696 shares getting traded on Friday. Post opening the session at $16.86, the shares hit an intraday low of $16.735 and an intraday high of $17.08 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.