From MarketBeat LLC:
Oldfield Partners LLP purchased 43,100 shares of Ally Financial Inc. (NYSE:ALLY), worth $1,150,000. This makes up 0.2% of their portfolio. Other hedge funds and institutional investors have also made significant changes to their positions in ALLY, with 86.04% of the stock now owned by these entities.
Ally Financial stock has had a strong price performance, trading at $35.18 on Friday. The company’s market cap is $10.61 billion.
Quarterly earnings results saw Ally Financial report an EPS of $0.83, surpassing the consensus estimate of $0.80. They also announced a $0.30 quarterly dividend, yielding 3.41%.
Research firms have been offering mixed ratings, with two firms rating the stock as a sell and six as a buy. Analysts anticipate the annual EPS to reach 3.1 for the current fiscal year.
Ally Financial Inc. provides digital financial products and services, primarily in the United States and Canada. The company operates in various segments including automotive finance, insurance, mortgage, and corporate finance operations.
For more information on hedge funds holding ALLY, visit HoldingsChannel.com for the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY).
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Read more: Oldfield Partners LLP Invests $1.15 Million in Ally Financial Inc. (NYSE:ALLY)
