Corsair Capital Management LP Stake in Ally Finl (ALLY) Lowered by $2.80 Million; Smith Salley & Associates Holding In Duke Energy New (DUK) Was Has Upped

December 17, 2017 - By Marie Mckinney

Jay Petschek decreased its stake in Ally Finl Inc (ALLY) by 16.63% based on its latest 2017Q2 regulatory filing with the SEC. Corsair Capital Management Lp sold 139,802 shares as the company’s stock declined 19.04% while stock markets rallied. The hedge fund run by Jay Petschek held 700,997 shares of the consumer services company at the end of 2017Q2, valued at $14.65 million, down from 840,799 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Ally Finl Inc for a number of months, seems to be less bullish one the $12.69B market cap company. The stock increased 0.74% or $0.21 during the last trading session, reaching $28.7. About 6.66 million shares traded or 98.02% up from the average. Ally Financial Inc. (NYSE:ALLY) has risen 12.72% since December 17, 2016 and is uptrending. It has underperformed by 3.98% the S&P500.

Smith Salley & Associates increased its stake in Duke Energy Corp New (DUK) by 30.69% based on its latest 2017Q2 regulatory filing with the SEC. Smith Salley & Associates bought 9,923 shares as the company’s stock rose 6.39% with the market. The institutional investor held 42,257 shares of the power generation company at the end of 2017Q2, valued at $3.53 million, up from 32,334 at the end of the previous reported quarter. Smith Salley & Associates who had been investing in Duke Energy Corp New for a number of months, seems to be bullish on the $61.49 billion market cap company. The stock increased 0.32% or $0.28 during the last trading session, reaching $87.84. About 6.37M shares traded or 158.49% up from the average. Duke Energy Corporation (NYSE:DUK) has risen 8.31% since December 17, 2016 and is uptrending. It has underperformed by 8.39% the S&P500.

Among 20 analysts covering Ally Financial (NYSE:ALLY), 16 have Buy rating, 1 Sell and 3 Hold. Therefore 80% are positive. Ally Financial had 44 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Ally Financial Inc. (NYSE:ALLY) has “Buy” rating given on Wednesday, May 4 by Deutsche Bank. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 27. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, August 23. On Thursday, October 26 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Ally Financial Inc. (NYSE:ALLY) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, July 27. BMO Capital Markets maintained Ally Financial Inc. (NYSE:ALLY) rating on Wednesday, May 31. BMO Capital Markets has “Buy” rating and $2600 target. The company was maintained on Thursday, October 26 by Piper Jaffray. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, August 30 report. The firm earned “Hold” rating on Tuesday, February 28 by Sandler O’Neill. The company was downgraded on Wednesday, April 27 by Wells Fargo.

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on January, 30. They expect $0.58 EPS, up 7.41% or $0.04 from last year’s $0.54 per share. ALLY’s profit will be $256.47 million for 12.37 P/E if the $0.58 EPS becomes a reality. After $0.65 actual EPS reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts -10.77% negative EPS growth.

Corsair Capital Management Lp, which manages about $1.44B and $551.03M US Long portfolio, upped its stake in Ball Corp (NYSE:BLL) by 174,562 shares to 412,671 shares, valued at $17.42M in 2017Q2, according to the filing. It also increased its holding in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 46,890 shares in the quarter, for a total of 671,499 shares, and has risen its stake in Hd Supply Hldgs Inc (NASDAQ:HDS).

Investors sentiment decreased to 1.05 in 2017 Q2. Its down 0.05, from 1.1 in 2017Q1. It fall, as 42 investors sold DUK shares while 366 reduced holdings. 80 funds opened positions while 349 raised stakes. 384.16 million shares or 0.66% more from 381.63 million shares in 2017Q1 were reported. London Of Virginia holds 1.04% or 1.83M shares. Principal Incorporated reported 0.08% of its portfolio in Duke Energy Corporation (NYSE:DUK). Zurcher Kantonalbank (Zurich Cantonalbank) has 0.12% invested in Duke Energy Corporation (NYSE:DUK) for 148,949 shares. Whittier Tru Company Of Nevada Incorporated holds 5,040 shares. Haverford Tru Co invested 0.02% of its portfolio in Duke Energy Corporation (NYSE:DUK). Magellan Asset Mgmt, a Australia-based fund reported 222,755 shares. Hl Service Ltd Limited Liability Company, a Kentucky-based fund reported 58,767 shares. Amica Pension Fund Board Of Trustees has 0.28% invested in Duke Energy Corporation (NYSE:DUK). Arizona State Retirement System owns 307,037 shares. 83,746 are held by Park Oh. Hbk Sorce Advisory Ltd stated it has 0.13% of its portfolio in Duke Energy Corporation (NYSE:DUK). Meiji Yasuda Life has 3,190 shares for 0.04% of their portfolio. Morgan Stanley owns 0.11% invested in Duke Energy Corporation (NYSE:DUK) for 4.23 million shares. Estabrook Mgmt accumulated 101,264 shares or 0% of the stock. 11,427 were accumulated by Koshinski Asset Mgmt.

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.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>