Canyon Capital Advisors Lowers stake in Ally Financial Inc (ALLY)

Ally Financial Inc (ALLY) : Canyon Capital Advisors reduced its stake in Ally Financial Inc by 5.65% during the most recent quarter end. The investment management company now holds a total of 9,477,131 shares of Ally Financial Inc which is valued at $180,349,803 after selling 567,942 shares in Ally Financial Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Ally Financial Inc makes up approximately 7.82% of Canyon Capital Advisors’s portfolio.

Other Hedge Funds, Including , Parallax Volatility Advisers added ALLY to its portfolio by purchasing 10,224 company shares during the most recent quarter which is valued at $194,563. Ally Financial Inc makes up approx 0.01% of Parallax Volatility Advisers’s portfolio.Teacher Retirement System Of Texas reduced its stake in ALLY by selling 19,035 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 1,326,534 shares of ALLY which is valued at $22,763,323. Ally Financial Inc makes up approx 0.17% of Teacher Retirement System Of Texas’s portfolio.Spot Trading L.l.c boosted its stake in ALLY in the latest quarter, The investment management firm added 9,928 additional shares and now holds a total of 19,582 shares of Ally Financial Inc which is valued at $347,776. Ally Financial Inc makes up approx 0.06% of Spot Trading L.l.c’s portfolio.Harbour Capital Advisors boosted its stake in ALLY in the latest quarter, The investment management firm added 13,250 additional shares and now holds a total of 29,750 shares of Ally Financial Inc which is valued at $546,508. Ally Financial Inc makes up approx 0.30% of Harbour Capital Advisors’s portfolio.

Ally Financial Inc opened for trading at $19.28 and hit $19.48 on the upside on Monday, eventually ending the session at $19.41, with a gain of 0.73% or 0.14 points. The heightened volatility saw the trading volume jump to 55,75,281 shares. Company has a market cap of $9,154 M.

On the company’s financial health, Ally Financial Inc reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.59.Analysts expectations of $ 1373.02.During the same quarter in the previous year, the company posted $0.51 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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