BlackRock Amends Ally Financial Stake (SC 13G/A)
Ticker: ALLY · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: ALLY
TL;DR
**BlackRock updated its Ally Financial stake, still a big passive holder.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, disclosing its ownership of Ally Financial Inc. common stock as of December 31, 2023. This filing, Amendment No. 6, indicates BlackRock's continued significant, but passive, stake in Ally Financial. This matters to investors because BlackRock is a major institutional investor, and its holdings can signal confidence (or lack thereof) in the company's long-term prospects, even if its percentage ownership has slightly changed.
Why It Matters
This filing shows BlackRock's updated, passive ownership in Ally Financial, providing transparency on a major institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine disclosure of passive ownership by a large institutional investor, indicating no immediate significant risk.
Analyst Insight
Investors should note BlackRock's continued passive ownership as a sign of institutional confidence, but this filing alone doesn't suggest any immediate buy/sell action.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership in Ally Financial Inc.
- Ally Financial Inc. (company) — the subject company whose common stock is being reported on.
- December 31, 2023 (date) — the date of the event which required the filing of this statement.
- January 24, 2024 (date) — the filing date of the SC 13G/A.
- Amendment No. 6 (number) — the specific amendment number for this Schedule 13G filing.
Forward-Looking Statements
- BlackRock will likely maintain a significant, passive stake in Ally Financial Inc. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 6, as stated in the filing.
Who is the 'Subject Company' in this filing?
The 'Subject Company' is Ally Financial Inc., identified by its CONFORMED NAME and CENTRAL INDEX KEY 0000040729.
Who is the 'Filed By' entity in this document?
The 'Filed By' entity is BlackRock Inc., identified by its CONFORMED NAME and CENTRAL INDEX KEY 0001364742.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as explicitly stated in the filing.
What is the CUSIP Number for the securities reported?
The CUSIP Number for the Common Stock of Ally Financial Inc. is 02005N100, as listed in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-002324 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002324 Filing Date 2024-01-24 Accepted 2024-01-24 14:27:17 Documents 1 Document Format Files Seq Description Document Type Size 1 us02005n1000_012424.txt SC 13G/A 11984 Complete submission text file 0001086364-24-002324.txt 14107 Mailing Address ALLY DETROIT CENTER 500 WOODWARD AVE. FLOOR 10 DETROIT MI 48226 Business Address ALLY DETROIT CENTER 500 WOODWARD AVE. FLOOR 10 DETROIT MI 48226 866-710-4623 Ally Financial Inc. (Subject) CIK : 0000040729 (see all company filings) EIN. : 380572512 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-88095 | Film No.: 24555890 SIC : 6022 State Commercial Banks (CF Office: 02 Finance) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)