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 2.2% during the most recent quarter end. The investment management company now holds a total of 10,299,273 shares of Ally Financial Inc which is valued at $195,377,209 after selling 231,160 shares in Ally Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ally Financial Inc makes up approximately 7.60% of Canyon Capital Advisors’s portfolio.

Other Hedge Funds, Including , Laurion Capital Management Lp sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 104,800 shares of ALLY which is valued $1,988,056.Blackrock Investment Management reduced its stake in ALLY by selling 6,015 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 240,829 shares of ALLY which is valued at $4,568,526. Ally Financial Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio. Oxford Asset Management sold out all of its stake in ALLY during the most recent quarter. The investment firm sold 92,508 shares of ALLY which is valued $1,746,551.Msi Financial Services Inc reduced its stake in ALLY by selling 470 shares or 73.09% in the most recent quarter. The Hedge Fund company now holds 173 shares of ALLY which is valued at $3,055.

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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