Ally Financial Inc (ALLY) : New Generation Advisors scooped up 79,024 additional shares in Ally Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 538,441 shares of Ally Financial Inc which is valued at $9 Million.Ally Financial Inc makes up approximately 5.63% of New Generation Advisors’s portfolio.
Other Hedge Funds, Including , Algebris Investments (uk) Llp reduced its stake in ALLY by selling 38,550 shares or 43.0% in the most recent quarter. The Hedge Fund company now holds 51,100 shares of ALLY which is valued at $855,414. Ally Financial Inc makes up approx 0.48% of Algebris Investments (uk) Llp’s portfolio. Airain Ltd added ALLY to its portfolio by purchasing 54,255 company shares during the most recent quarter which is valued at $908,229. Ally Financial Inc makes up approx 0.06% of Airain Ltd’s portfolio.Diam Ltd. boosted its stake in ALLY in the latest quarter, The investment management firm added 6,625 additional shares and now holds a total of 48,782 shares of Ally Financial Inc which is valued at $837,099. Ally Financial Inc makes up approx 0.01% of Diam Ltd.’s portfolio.Ifp Advisors Inc reduced its stake in ALLY by selling 1 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 70 shares of ALLY which is valued at $1,201.Achievement Holdings reduced its stake in ALLY by selling 235,600 shares or 45.69% in the most recent quarter. The Hedge Fund company now holds 280,000 shares of ALLY which is valued at $5 Million. Ally Financial Inc makes up approx 0.65% of Achievement Holdings’s portfolio.
Ally Financial Inc opened for trading at $16.68 and hit $16.9 on the upside on Friday, eventually ending the session at $16.74, with a gain of 0.42% or 0.07 points. The heightened volatility saw the trading volume jump to 18,60,873 shares. Company has a market cap of $8,097,908 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.