5 Finance Stocks to Buy Today According to George Soros’ Soros Fund Management

4. Ally Financial Inc. (NYSE:ALLY)

Soros Fund Management’s Stake Value: $32.8 million

Percentage of Soros Fund Management’s 13F Portfolio: 0.45%

Number of Hedge Fund Holders: 48

Ally Financial Inc. (NYSE:ALLY) is a digital financial services company that caters to the needs of different types of customers. These include public, commercial, and corporate customers. It offers automotive financing, lines of credit to car dealers, insurance, and mortgage loan portfolios.

For its fiscal Q4, Ally Financial Inc. (NYSE:ALLY) raked in $2.2 billion in revenue and $2.0.2 in non GAAP EPS, beating analyst estimates for both metrics. Morgan Stanley reduced its price target to $55 from $73 in March 2022, outlining that the impacts of the Russian invasion of Ukraine will not bode well for the company.

Soros Fund Management owned a $32.8 million stake in Ally Financial Inc. (NYSE:ALLY) as Q4 2021 came to an end. This was via holding 690,909 shares. Insider Monkey analyzed 924 hedge fund holdings for the same time period and found out that 48 had owned the company’s shares.

Natixis Global Asset Management’s Harris Associates is Ally Financial Inc. (NYSE:ALLY)’s largest investor. It owns 24 million shares worth $1 billion.