5 Undervalued Stocks to Buy According to George Soros’ Hedge Fund

3. Ally Financial Inc. (NYSE:ALLY)

Soros Fund Management’s Stake Value: $32,894,000

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

Number of Hedge Fund Holders: 90

PE ratio: 5.03

Ally Financial Inc. (NYSE:ALLY) operates as a digital financial services company that provides various digital financial products and services to consumer, commercial, and corporate customers. The company’s primary operations target the United States and Canada markets.

This January, Ally Financial Inc. (NYSE:ALLY) raised its dividend by 20% to $0.30 per share from the prior dividend of $0.25. The company also announced a $2.0 billion share buyback program which will continue till December 31, 2022. The company recently completed its share repurchase program in 2021 and is expected to repurchase further shares in the first quarter of 2022.

This January, Ally Financial Inc. (NYSE:ALLY) released its earnings for the fiscal fourth quarter of 2021. The company reported earnings per share of $2.02, beating estimates by $0.05. The company’s revenue grew by 11% year over year and came out to $2.20 billion, beating estimates by $136.98 million.

There were 90 hedge funds found in Insider Monkey’s database that held stakes in Ally Financial Inc. (NYSE:ALLY) at the end of the fourth quarter of 2021. The total value of these stakes came to $7.13 billion, up from $6.41 billion in the prior quarter with 77 positions. The hedge fund sentiment around the stock is therefore positive.