As Ally Financial INC (ALLY) Shares Declined, Shareholder Wedge Capital Management L LP Decreased Its Stake by $4.74 Million

April 16, 2018 - By Palma Niemeyer

Ally Financial Inc. (NYSE:ALLY) Corporate Logo

Based on the latest 2017Q4 regulatory filing with the SEC, Wedge Capital Management L LP decreased its stake in Ally Financial Inc (ALLY) by 2.19%. By selling 163,433 shares Wedge Capital Management L LP made the stock sank with 10.36%. At the end of 2017Q4, the institutional investor held 7.30M shares of the consumer services company, priced at $212.79M, down from 7.46M at the end of the previous reported quarter. Ally Financial Inc has $11.83 billion MC. ALLY reached $27.29 on during the last trading session after $0.04 change.Ally Financial Inc. has volume of 990,068 shares. Since April 16, 2017 ALLY has risen 34.39% and is uptrending. The stock outperformed the S&P500 by 22.84%.

Wedge Capital Management L LP manages about $10.84B and $11.15 billion US Long portfolio. According to a filing the fund increased its stake in Colfax Corporation (NYSE:CFX) by 344,946 shares to 1.67M shares, valued at $66.06M in 2017Q4. For a total of 319,089 shares it increased its holding in General Dynamics Corporation (NYSE:GD) by 65,282 shares in the quarter, and has risen its stake in Spirit Aerosystems Holdings Inc. Class A (NYSE:SPR).

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on April, 26. They expect $0.68 earnings per share, up 41.67 % or $0.20 from last year’s $0.48 per share. ALLY’s profit will be $294.72M for 10.03 P/E if the $0.68 EPS becomes a reality. After $0.70 actual earnings per share reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts -2.86 % negative EPS growth.

Ally Financial Inc. (NYSE:ALLY) Ratings Coverage

In total 16 analysts cover Ally Financial (NYSE:ALLY). “Buy” rating has 11, “Sell” are 0, while 5 are “Hold”. 69% are bullish. 35 are the (NYSE:ALLY)’s analyst reports since October 26, 2017 according to StockzIntelligence Inc. On Thursday, March 15 the company was maintained by Sandler O’Neill. On Thursday, January 4 the firm has “Buy” rating given by Susquehanna. The company rating was maintained by Barclays Capital on Thursday, October 26. On Wednesday, January 31 BMO Capital Markets downgraded the shares of ALLY in report to “Market Perform” rating. In Tuesday, January 30 report Keefe Bruyette & Woods maintained the stock with “Buy” rating. On Monday, January 22 Sandler O’Neill maintained Ally Financial Inc. (NYSE:ALLY) with “Hold” rating. On Tuesday, January 2 the firm earned “Sell” rating by Stephens. On Thursday, December 21 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Tuesday, January 2 the rating was maintained by Barclays Capital with “Overweight”. On Friday, January 12 the firm has “Hold” rating by J.P. Morgan given.

Ally Financial Inc. (NYSE:ALLY) Analyst Ratings Chart

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