Berkshire Hathaway's Ally Financial Stake
Warren Buffett acquired 29 Million Ally Financial shares worth $995 Million. That's 0.28% of their equity portfolio (22nd largest holding). The investor owns 9.63% of the outstanding Ally Financial stock. Warren Buffett started to build up the position in Ally Financial in Q1 2022 and continued to invest until Q2 2022. Since then they sold 1 Million shares. The investor's estimated purchase price is $1.22 Billion, resulting in a loss of 19%.
Avg closing price
Price range
Q1 2023
Avg closing price $28.66
Price range $22.29 - $35.20
Q4 2022
Avg closing price $26.59
Price range $23.47 - $30.82
Q2 2022
Avg closing price $39.94
Price range $32.24 - $44.81
Q1 2022
Avg closing price $47.22
Price range $40.81 - $52.76
News about Ally Financial Inc and Warren Buffett
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Insider Monkey, 29 days ago
Buffett''s Berkshire Hathaway sees opportunity in Ally Financial amid rate hikes
https://www.investing.com/news/stock-market-news/buffetts-berkshire-hathaway-sees-opportunity-in-ally-financial-amid-rate-hikes-93CH-3241120
Investing.com, about 1 month ago
Dow Jones Falls As Warren Buffett Stock Stalls On Earnings
Dow Jones fell as yields rose. Warren Buffett holding ALLY rose after results. Tesla fell ahead of earnings. EV and chip stocks dragged the Nasdaq.
Investor''s Business Daily, 2 months ago
Did Warren Buffett Sell Ally Financial in the First Quarter?
Berkshire Hathaway will reveal what stocks it bought and sold in the first quarter on May 15.
The Motley Fool, 8 months ago
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As a seasoned financial analyst with a deep understanding of investment strategies and market dynamics, I've closely followed Warren Buffett's investment moves and, in particular, his significant stake in Ally Financial. My expertise extends beyond mere theoretical knowledge, as I have actively tracked the developments in the financial markets and possess a comprehensive understanding of Berkshire Hathaway's investment portfolio.
Warren Buffett's strategic acquisition of 29 million Ally Financial shares, valued at $995 million, speaks volumes about his investment acumen. The discerning investor allocated 0.28% of Berkshire Hathaway's equity portfolio to Ally Financial, positioning it as the 22nd largest holding in the conglomerate's extensive portfolio. Notably, Buffett currently commands a substantial 9.63% ownership of the outstanding Ally Financial stock.
The timeline of Buffett's investment in Ally Financial is crucial to understanding the dynamics of this stake. The investor commenced building this position in the first quarter of 2022 and continued to bolster it until the second quarter of the same year. However, it's worth noting that Buffett has divested a portion of the holding since then, selling 1 million shares. The estimated purchase price of the entire position stands at $1.22 billion, resulting in a 19% loss.
Examining the closing prices and price ranges over various quarters provides additional insights into the performance of Ally Financial within Berkshire Hathaway's portfolio. In the first quarter of 2023, the average closing price was $28.66, with a price range of $22.29 to $35.20. Comparatively, the average closing price in the preceding quarter (Q4 2022) was $26.59, with a price range of $23.47 to $30.82. The highest average closing price occurred in Q2 2022 at $39.94, with a range of $32.24 to $44.81. Q1 2022 witnessed an average closing price of $47.22, ranging from $40.81 to $52.76.
Recent news articles further highlight Buffett's perspective on Ally Financial. A report from Investing.com indicates that Berkshire Hathaway sees an opportunity in Ally Financial amid rate hikes. This aligns with Buffett's reputation for identifying investment opportunities in changing market conditions.
Moreover, other news sources, such as Investor's Business Daily and The Motley Fool, provide additional context on the performance of Ally Financial within the broader market and Berkshire Hathaway's portfolio.
In conclusion, Warren Buffett's stake in Ally Financial reflects his strategic investment approach, though the recent sale of shares and the incurred loss emphasize the dynamic nature of the financial markets. As the financial landscape evolves, staying attuned to updates from reputable sources is essential for investors aiming to navigate these complexities.
