Oaktree Capital Management LP Holding in Ally Financial INC (ALLY) Trimmed by $28.29 Million

June 12, 2018 - By Linda Rogers

Ally Financial Inc. (NYSE:ALLY) Logo

Howard Marks decreased its stake in Ally Financial Inc (ALLY) by 10.73% based on its latest 2018Q1 regulatory filing with the SEC. Oaktree Capital Management Lp sold 1.05M shares as the company’s stock declined 4.44% with the market. The hedge fund run by Howard Marks held 8.71 million shares of the consumer services company at the end of 2018Q1, valued at $236.54 million, down from 9.76M 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 $11.54 billion market cap company. The stock increased 0.47% or $0.12 during the last trading session, reaching $26.83. About 555,438 shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 40.71% since June 12, 2017 and is uptrending. It has outperformed by 28.14% the S&P500.

Oaktree Capital Management Lp, which manages about $6.30 billion US Long portfolio, upped its stake in Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 375,000 shares to 1.33M shares, valued at $24.51 million in 2018Q1, according to the filing. It also increased its holding in Encore Capital Group Inc (Prn) by 3.47M shares in the quarter, for a total of 17.86 million shares, and has risen its stake in Infosys Ltd (NYSE:INFY).

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on July, 26. They expect $0.72 earnings per share, up 24.14 % or $0.14 from last year’s $0.58 per share. ALLY’s profit will be $309.68 million for 9.32 P/E if the $0.72 EPS becomes a reality. After $0.68 actual earnings per share reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts 5.88 % EPS growth.

Another recent and important Ally Financial Inc. (NYSE:ALLY) news was published by Globenewswire.com which published an article titled: “Analysis: Positioning to Benefit within Ally Financial, Huntsman, Synchrony Financial, Exelon, TransEnterix, and …” on June 12, 2018.

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 28 analyst reports since December 21, 2017 according to SRatingsIntel. Susquehanna maintained the stock with “Buy” rating in Thursday, January 4 report. Oppenheimer maintained Ally Financial Inc. (NYSE:ALLY) rating on Monday, April 2. Oppenheimer has “Buy” rating and $3800 target. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, January 30 report. The stock of Ally Financial Inc. (NYSE:ALLY) has “Buy” rating given on Thursday, April 26 by BTIG Research. The company was downgraded on Wednesday, January 31 by BMO Capital Markets. The company was maintained on Thursday, March 15 by Piper Jaffray. On Tuesday, January 30 the stock rating was maintained by Stephens with “Sell”. The rating was initiated by UBS on Tuesday, March 27 with “Buy”. The firm earned “Buy” rating on Wednesday, January 10 by Jefferies. J.P. Morgan downgraded the shares of ALLY in report on Friday, January 12 to “Hold” rating.

Ally Financial Inc. (NYSE:ALLY) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.