Perry Corp Lowers stake in Ally Financial Inc (ALLY)

Ally Financial Inc (ALLY) : Perry Corp reduced its stake in Ally Financial Inc by 30.28% during the most recent quarter end. The investment management company now holds a total of 15,759,601 shares of Ally Financial Inc which is valued at $298,959,631 after selling 6,844,899 shares in Ally Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Ally Financial Inc makes up approximately 27.48% of Perry Corp’s portfolio.

Other Hedge Funds, Including , Proshare Advisors reduced its stake in ALLY by selling 17 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 64,425 shares of ALLY which is valued at $1,222,142. Ally Financial Inc makes up approx 0.02% of Proshare Advisors’s portfolio. Comerica Bank added ALLY to its portfolio by purchasing 122,397 company shares during the most recent quarter which is valued at $2,321,871. Ally Financial Inc makes up approx 0.02% of Comerica Bank’s portfolio. Pacad Investment Ltd. sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 16,800 shares of ALLY which is valued $318,696.Strs Ohio boosted its stake in ALLY in the latest quarter, The investment management firm added 10,655 additional shares and now holds a total of 34,433 shares of Ally Financial Inc which is valued at $608,087.

Ally Financial Inc opened for trading at $19.71 and hit $19.905 on the upside on Monday, eventually ending the session at $19.82, with a gain of 0.56% or 0.11 points. The heightened volatility saw the trading volume jump to 26,65,096 shares. Company has a market cap of $9,586 M.

On the company’s financial health, Ally Financial Inc reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 1333.63.During the same quarter in the previous year, the company posted $0.46 EPS.

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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