Silver Point Capital buys $38,556,000 stake in Ally Financial Inc (ALLY)

Ally Financial Inc (ALLY) : Silver Point Capital scooped up 925,000 additional shares in Ally Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,100,000 shares of Ally Financial Inc which is valued at $38,556,000.Ally Financial Inc makes up approximately 4.64% of Silver Point Capital’s portfolio.

Other Hedge Funds, Including , Coconut Grove Bank sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 230 shares of ALLY which is valued $3,947.Advisors Asset Management boosted its stake in ALLY in the latest quarter, The investment management firm added 4,280 additional shares and now holds a total of 8,256 shares of Ally Financial Inc which is valued at $146,627.

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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