Warren Buffett acquired 29 Million Ally Financial shares worth $817 Million. That's 0.24% of their equity portfolio (27th largest holding). The investor owns 10.02% 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 33%.
Berkshire Hathaway will reveal what stocks it bought and sold in the first quarter on May 15.
Berkshire Hathaway is Ally Financial''s second-largest shareholder. A research firm speculated that ALLY could be a Buffett takeover target. Click here for m...
Source: JHVEPhoto/Shutterstock.com Ally Financial (NYSE: ALLY ) may have a savior: Warren Buffett. Like most bank stocks , this company has been trending qui...
Warren Buffett added it to his company''s portfolio, should you?