Chemed (CHE) Shareholder Investec Asset Management LTD Cut Holding by $6.70 Million as Market Valuation Rose; As Ally Financial (ALLY) Share Value Declined, Finepoint Capital LP Cut Stake

May 16, 2018 - By Migdalia James

Ally Financial Inc. (NYSE:ALLY) Logo

Investec Asset Management Ltd decreased its stake in Chemed Corp (CHE) by 8.53% based on its latest 2017Q4 regulatory filing with the SEC. Investec Asset Management Ltd sold 27,574 shares as the company’s stock rose 14.02% while stock markets declined. The institutional investor held 295,657 shares of the medical and nursing services company at the end of 2017Q4, valued at $71.85M, down from 323,231 at the end of the previous reported quarter. Investec Asset Management Ltd who had been investing in Chemed Corp for a number of months, seems to be less bullish one the $5.28 billion market cap company. The stock increased 1.46% or $4.78 during the last trading session, reaching $331.21. About 38,528 shares traded. Chemed Corporation (NYSE:CHE) has risen 48.33% since May 16, 2017 and is uptrending. It has outperformed by 36.78% the S&P500.

Finepoint Capital Lp decreased its stake in Ally Financial Inc (ALLY) by 22.46% based on its latest 2017Q4 regulatory filing with the SEC. Finepoint Capital Lp sold 815,000 shares as the company’s stock declined 10.36% with the market. The institutional investor held 2.81 million shares of the consumer services company at the end of 2017Q4, valued at $82.06 million, down from 3.63 million at the end of the previous reported quarter. Finepoint Capital Lp who had been investing in Ally Financial Inc for a number of months, seems to be less bullish one the $11.53B market cap company. The stock increased 0.79% or $0.21 during the last trading session, reaching $26.81. About 1.38M shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 34.39% since May 16, 2017 and is uptrending. It has outperformed by 22.84% the S&P500.

Investec Asset Management Ltd, which manages about $24.34B US Long portfolio, upped its stake in Factset Research Systems Inc (NYSE:FDS) by 461,518 shares to 1.09M shares, valued at $210.45 million in 2017Q4, according to the filing. It also increased its holding in Canadian National Railway Co (NYSE:CNI) by 39,919 shares in the quarter, for a total of 591,737 shares, and has risen its stake in Alaska Air Group Inc (NYSE:ALK).

Among 3 analysts covering Chemed (NYSE:CHE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Chemed had 18 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Buy” rating by Oppenheimer on Tuesday, July 25. RBC Capital Markets maintained the shares of CHE in report on Tuesday, May 30 with “Hold” rating. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, October 26. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, November 1 report. RBC Capital Markets maintained Chemed Corporation (NYSE:CHE) rating on Wednesday, July 5. RBC Capital Markets has “Hold” rating and $20800 target. The firm earned “Outperform” rating on Monday, October 26 by Oppenheimer. The firm has “Hold” rating by RBC Capital Markets given on Sunday, July 30. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, October 26 report. The stock of Chemed Corporation (NYSE:CHE) earned “Hold” rating by RBC Capital Markets on Friday, September 1. The stock has “Hold” rating by RBC Capital Markets on Sunday, April 22.

Since January 12, 2018, it had 0 insider purchases, and 13 sales for $27.86 million activity. $3.19M worth of Chemed Corporation (NYSE:CHE) shares were sold by MCNAMARA KEVIN J. The insider LEE SPENCER S sold 1,428 shares worth $428,257. Another trade for 12,919 shares valued at $4.04 million was made by Westfall Nicholas Michael on Wednesday, May 2. $107,864 worth of Chemed Corporation (NYSE:CHE) shares were sold by SAUNDERS DONALD E. $91,476 worth of stock was sold by Dallob Naomi C on Tuesday, April 24. Shares for $313,000 were sold by Witzeman Michael D.

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.08, from 1.04 in 2017Q3. It worsened, as 18 investors sold CHE shares while 94 reduced holdings. 49 funds opened positions while 58 raised stakes. 14.86 million shares or 3.45% less from 15.40 million shares in 2017Q3 were reported. Northwestern Mutual Wealth reported 9 shares. Fisher Asset Management Lc accumulated 491,004 shares. Neuberger Berman Grp, a New York-based fund reported 935,415 shares. Assetmark Inc holds 241 shares. Copeland Cap Mngmt Limited Liability Company owns 126,386 shares. Oppenheimer Asset owns 0.1% invested in Chemed Corporation (NYSE:CHE) for 18,247 shares. 13,482 were reported by Vident Investment Advisory Limited Liability Corp. 94,291 are owned by Aristotle Boston Ltd Liability Corporation. Whittier Tru Company Of Nevada Inc reported 500 shares. Deutsche Natl Bank Ag holds 53,976 shares. Rhumbline Advisers holds 0.03% or 54,149 shares in its portfolio. The Pennsylvania-based Sei has invested 0.02% in Chemed Corporation (NYSE:CHE). Great Lakes Advsrs Ltd Llc owns 21,811 shares. Tsp Capital Grp Inc Limited Liability Company reported 29,025 shares or 3.21% of all its holdings. Charter has 1,158 shares for 0.03% of their portfolio.

Analysts await Chemed Corporation (NYSE:CHE) to report earnings on July, 24. They expect $2.68 earnings per share, up 24.65% or $0.53 from last year’s $2.15 per share. CHE’s profit will be $42.72M for 30.90 P/E if the $2.68 EPS becomes a reality. After $2.72 actual earnings per share reported by Chemed Corporation for the previous quarter, Wall Street now forecasts -1.47% negative EPS growth.

More recent Chemed Corporation (NYSE:CHE) news were published by: Benzinga.com which released: “Earnings Scheduled For April 19, 2018” on April 19, 2018. Also Seekingalpha.com published the news titled: “Chemed’s (CHE) CEO Kevin McNamara on Q1 2018 Results – Earnings Call Transcript” on April 20, 2018. Globenewswire.com‘s news article titled: “VITAS HEALTHCARE JOINS AMERICAN HOSPITAL ASSOCIATION” with publication date: May 07, 2018 was also an interesting one.

Among 24 analysts covering Ally Financial (NYSE:ALLY), 17 have Buy rating, 0 Sell and 7 Hold. Therefore 71% are positive. Ally Financial had 72 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, April 26 the stock rating was maintained by BMO Capital Markets with “Buy”. The firm has “Buy” rating by Wood given on Friday, April 7. The stock has “Buy” rating by Susquehanna on Thursday, January 4. Keefe Bruyette & Woods maintained Ally Financial Inc. (NYSE:ALLY) rating on Tuesday, January 30. Keefe Bruyette & Woods has “Buy” rating and $37.0 target. Sandler O’Neill downgraded Ally Financial Inc. (NYSE:ALLY) on Tuesday, February 28 to “Hold” rating. The stock of Ally Financial Inc. (NYSE:ALLY) has “Hold” rating given on Thursday, March 15 by Sandler O’Neill. The firm has “Neutral” rating given on Friday, April 8 by Bank of America. Credit Suisse upgraded the shares of ALLY in report on Wednesday, July 29 to “Outperform” rating. The stock of Ally Financial Inc. (NYSE:ALLY) earned “Buy” rating by Deutsche Bank on Wednesday, May 4. Zacks upgraded the shares of ALLY in report on Wednesday, September 2 to “Buy” rating.

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on July, 26. They expect $0.72 EPS, up 24.14% or $0.14 from last year’s $0.58 per share. ALLY’s profit will be $309.62 million for 9.31 P/E if the $0.72 EPS becomes a reality. After $0.68 actual EPS reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts 5.88% EPS growth.

More notable recent Ally Financial Inc. (NYSE:ALLY) news were published by: Seekingalpha.com which released: “Congress slaps down CFPB’s auto lending guidance” on May 09, 2018, also Streetinsider.com with their article: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” published on May 15, 2018, Seekingalpha.com published: “Ally Financial (ALLY) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. More interesting news about Ally Financial Inc. (NYSE:ALLY) were released by: Prnewswire.com and their article: “Ally Encourages Consumers to Save Their Savings with New Campaign” published on May 16, 2018 as well as Bizjournals.com‘s news article titled: “Ally Financial promotes Charlotte-area exec in leadership changes” with publication date: April 19, 2018.

Chemed Corporation (NYSE:CHE) Institutional Positions Chart

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