Goldentree Asset Management Lp adds Ally Financial Inc (ALLY) to its portfolio

Ally Financial Inc (ALLY) : Goldentree Asset Management Lp added new position in Ally Financial Inc during the most recent quarter end. The investment management firm now holds 690,895 shares of Ally Financial Inc which is valued at $13,106,278 , the company said in a statement filed on Aug 15, 2016 with the SEC.Ally Financial Inc makes up approximately 3.38% of Goldentree Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in ALLY by selling 246,531 shares or 37.78% in the most recent quarter. The Hedge Fund company now holds 406,036 shares of ALLY which is valued at $7,702,503. Ally Financial Inc makes up approx 0.04% of Susquehanna International Group Llp’s portfolio. Trexquant Investment Lp sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 132,932 shares of ALLY which is valued $2,521,720.Sg Americas Securities reduced its stake in ALLY by selling 70,590 shares or 86.09% in the most recent quarter. The Hedge Fund company now holds 11,404 shares of ALLY which is valued at $205,272.Oregon Public Employees Retirement Fund boosted its stake in ALLY in the latest quarter, The investment management firm added 19,515 additional shares and now holds a total of 90,464 shares of Ally Financial Inc which is valued at $1,628,352. Ally Financial Inc makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio. Fny Managed Accounts sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 10,000 shares of ALLY which is valued $176,600.

Ally Financial Inc opened for trading at $19.76 and hit $20.07 on the upside on Wednesday, eventually ending the session at $20.02, with a gain of 1.16% or 0.23 points. The heightened volatility saw the trading volume jump to 2,426,477 shares. Company has a market cap of $9,683 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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