Luxor Capital Group Lp adds Ally Financial Inc (ALLY) to its portfolio

Ally Financial Inc (ALLY) : Luxor Capital Group Lp added new position in Ally Financial Inc during the most recent quarter end. The investment management firm now holds 2,622,289 shares of Ally Financial Inc which is valued at $49,744,822 , the company said in a statement filed on Aug 15, 2016 with the SEC.Ally Financial Inc makes up approximately 2.94% of Luxor Capital Group Lp’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors reduced its stake in ALLY by selling 9,500 shares or 7.05% in the most recent quarter. The Hedge Fund company now holds 125,295 shares of ALLY which is valued at $2,376,846. Ally Financial Inc makes up approx 0.11% of A.r.t. Advisors’s portfolio.Jefferies Group boosted its stake in ALLY in the latest quarter, The investment management firm added 809 additional shares and now holds a total of 2,759 shares of Ally Financial Inc which is valued at $52,338.Rafferty Asset Management reduced its stake in ALLY by selling 15,679 shares or 24.68% in the most recent quarter. The Hedge Fund company now holds 47,858 shares of ALLY which is valued at $903,559. Ally Financial Inc makes up approx 0.06% of Rafferty Asset Management’s portfolio.High Pointe Capital Management reduced its stake in ALLY by selling 4,090 shares or 8.57% in the most recent quarter. The Hedge Fund company now holds 43,660 shares of ALLY which is valued at $824,301. Ally Financial Inc makes up approx 1.16% of High Pointe Capital Management’s portfolio. Jfs Wealth Advisors sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 65 shares of ALLY which is valued $1,148.

Ally Financial Inc closed down -0.46 points or -2.30% at $19.58 with 37,60,965 shares getting traded on Thursday. Post opening the session at $20.06, the shares hit an intraday low of $19.44 and an intraday high of $20.14 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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