Silver Point Capital adds Ally Financial Inc (ALLY) to its portfolio

Ally Financial Inc (ALLY) : Silver Point Capital added new position in Ally Financial Inc during the most recent quarter end. The investment management firm now holds 1,175,000 shares of Ally Financial Inc which is valued at $22,289,750 , the company said in a statement filed on Aug 15, 2016 with the SEC.Ally Financial Inc makes up approximately 2.35% of Silver Point Capital’s portfolio.

Other Hedge Funds, Including , Sandell Asset Management Corp boosted its stake in ALLY in the latest quarter, The investment management firm added 171,600 additional shares and now holds a total of 553,800 shares of Ally Financial Inc which is valued at $10,505,586. Ally Financial Inc makes up approx 2.64% of Sandell Asset Management Corp’s portfolio.Fil Ltd reduced its stake in ALLY by selling 30,000 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 2,240,000 shares of ALLY which is valued at $42,492,800. Ally Financial Inc makes up approx 0.13% of Fil Ltd’s portfolio.World Asset Management Inc boosted its stake in ALLY in the latest quarter, The investment management firm added 2,120 additional shares and now holds a total of 16,128 shares of Ally Financial Inc which is valued at $290,304. Ally Financial Inc makes up approx 0.01% of World Asset Management Inc’s portfolio.

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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