Taconic Capital Advisors Lp buys $52.8 Million stake in Ally Financial Inc (ALLY)

Ally Financial Inc (ALLY) : Taconic Capital Advisors Lp scooped up 35,000 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 13, 2016. The investment management firm now holds a total of 3,153,500 shares of Ally Financial Inc which is valued at $52.8 Million.Ally Financial Inc makes up approximately 3.92% of Taconic Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Hartford Investment Management Co boosted its stake in ALLY in the latest quarter, The investment management firm added 607 additional shares and now holds a total of 11,352 shares of Ally Financial Inc which is valued at $190,032.Scoggin Management Lp reduced its stake in ALLY by selling 40,000 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 200,000 shares of ALLY which is valued at $3.3 Million. Ally Financial Inc makes up approx 0.97% of Scoggin Management Lp’s portfolio. Wetherby Asset Management Inc added ALLY to its portfolio by purchasing 10,782 company shares during the most recent quarter which is valued at $180,491. Ally Financial Inc makes up approx 0.04% of Wetherby Asset Management Inc’s portfolio.New York State Common Retirement Fund reduced its stake in ALLY by selling 53,075 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 1,765,971 shares of ALLY which is valued at $30.3 Million. Ally Financial Inc makes up approx 0.05% of New York State Common Retirement Fund’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.

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