Ally Financial Inc (ALLY) : Glendon Capital Management Lp scooped up 207,500 additional shares in Ally Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 1,835,200 shares of Ally Financial Inc which is valued at $33,033,600.Ally Financial Inc makes up approximately 12.96% of Glendon Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Spot Trading L.l.c reduced its stake in ALLY by selling 68,454 shares or 87.64% in the most recent quarter. The Hedge Fund company now holds 9,654 shares of ALLY which is valued at $173,772. Ally Financial Inc makes up approx 0.02% of Spot Trading L.l.c’s portfolio.Acadian Asset Management boosted its stake in ALLY in the latest quarter, The investment management firm added 217 additional shares and now holds a total of 302 shares of Ally Financial Inc which is valued at $5,258.Daiwa Sb Investments Ltd. reduced its stake in ALLY by selling 12,950 shares or 72.35% in the most recent quarter. The Hedge Fund company now holds 4,950 shares of ALLY which is valued at $82,319. Ally Financial Inc makes up approx 0.02% of Daiwa Sb Investments Ltd.’s portfolio.British Columbia Investment Management Corp reduced its stake in ALLY by selling 25,522 shares or 11.85% in the most recent quarter. The Hedge Fund company now holds 189,775 shares of ALLY which is valued at $3,155,958. Ally Financial Inc makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.
Ally Financial Inc closed down -0.04 points or -0.21% at $18.61 with 29,97,925 shares getting traded on Monday. Post opening the session at $18.77, the shares hit an intraday low of $18.59 and an intraday high of $18.95 and the price fluctuated in this range throughout the day.Shares ended Monday 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.
Many Wall Street Analysts have commented on Ally Financial Inc. Ally Financial Inc was Initiated by Macquarie to “Neutral” on May 11, 2016.
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.