As Ally Financial INC (ALLY) Shares Declined, Holder Oaktree Capital Management LP Has Cut Its Position

May 17, 2018 - By Ash Ash

Ally Financial Inc. (NYSE:ALLY) Logo

Howard Marks decreased its stake in Ally Financial Inc (ALLY) by 1.35% based on its latest 2017Q4 regulatory filing with the SEC. Oaktree Capital Management Lp sold 133,300 shares as the company’s stock declined 10.36% with the market. The hedge fund run by Howard Marks held 9.76 million shares of the consumer services company at the end of 2017Q4, valued at $284.60M, down from 9.89 million at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Ally Financial Inc for a number of months, seems to be less bullish one the $11.60B market cap company. The stock increased 1.33% or $0.355 during the last trading session, reaching $26.985. About 3.10M shares traded or 8.42% up from the average. Ally Financial Inc. (NYSE:ALLY) has risen 34.39% since May 17, 2017 and is uptrending. It has outperformed by 22.84% the S&P500.

Oaktree Capital Management Lp, which manages about $6.38 billion US Long portfolio, upped its stake in Ionis Pharmaceuticals Inc (Prn) by 3.17M shares to 30.37M shares, valued at $32.13 million in 2017Q4, according to the filing. It also increased its holding in Apollo Commercial Real Estate Finance Inc (Prn) by 24.88M shares in the quarter, for a total of 42.85 million shares, and has risen its stake in Brf (NYSE:BRFS).

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on July, 26. They expect $0.72 EPS, up 24.14 % or $0.14 from last year’s $0.58 per share. ALLY’s profit will be $309.61 million for 9.37 P/E if the $0.72 EPS becomes a reality. After $0.68 actual EPS reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts 5.88 % EPS growth.

More recent Ally Financial Inc. (NYSE:ALLY) news were published by: Seekingalpha.com which released: “Congress slaps down CFPB’s auto lending guidance” on May 09, 2018. Also Bizjournals.com published the news titled: “Ally Financial promotes Charlotte-area exec in leadership changes” on April 19, 2018. Prnewswire.com‘s news article titled: “Ally Encourages Consumers to Save Their Savings with New Campaign” with publication date: May 16, 2018 was also an interesting one.

Ally Financial Inc. (NYSE:ALLY) Ratings Coverage

Among 16 analysts covering Ally Financial (NYSE:ALLY), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Ally Financial had 30 analyst reports since December 1, 2017 according to SRatingsIntel. On Tuesday, January 2 the stock rating was maintained by Stephens with “Sell”. The firm earned “Buy” rating on Monday, April 2 by Oppenheimer. Susquehanna maintained Ally Financial Inc. (NYSE:ALLY) on Thursday, January 4 with “Buy” rating. The stock of Ally Financial Inc. (NYSE:ALLY) has “Overweight” rating given on Friday, April 27 by Morgan Stanley. Morgan Stanley maintained Ally Financial Inc. (NYSE:ALLY) on Wednesday, January 31 with “Overweight” rating. Sandler O’Neill maintained Ally Financial Inc. (NYSE:ALLY) rating on Monday, January 22. Sandler O’Neill has “Hold” rating and $32.0 target. The rating was upgraded by Stephens on Monday, April 9 to “Hold”. On Thursday, April 26 the stock rating was maintained by BTIG Research with “Buy”. The rating was maintained by Stephens with “Sell” on Tuesday, January 30. On Wednesday, January 31 the stock rating was maintained by Wells Fargo with “Buy”.

Ally Financial Inc. (NYSE:ALLY) Ratings Chart

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