Kings Point Capital Management Has Lowered Its Boeing Co Com (BA) Position; Twin Tree Management LP Lifted Its Ally Finl (ALLY) Position

January 14, 2018 - By Clifton Ray

Kings Point Capital Management decreased Boeing Co Com (BA) stake by 3.97% reported in 2017Q3 SEC filing. Kings Point Capital Management sold 2,065 shares as Boeing Co Com (BA)’s stock rose 4.66%. The Kings Point Capital Management holds 49,930 shares with $12.69M value, down from 51,995 last quarter. Boeing Co Com now has $200.24 billion valuation. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 6.56 million shares traded or 96.62% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 14, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Twin Tree Management Lp increased Ally Finl Inc (ALLY) stake by 546.18% reported in 2017Q3 SEC filing. Twin Tree Management Lp acquired 56,158 shares as Ally Finl Inc (ALLY)’s stock declined 19.04%. The Twin Tree Management Lp holds 66,440 shares with $1.61M value, up from 10,282 last quarter. Ally Finl Inc now has $13.50B valuation. The stock increased 0.10% or $0.03 during the last trading session, reaching $30.53. About 3.73 million shares traded or 7.86% up from the average. Ally Financial Inc. (NYSE:ALLY) has risen 12.72% since January 14, 2017 and is uptrending. It has underperformed by 3.98% the S&P500.

Twin Tree Management Lp decreased Spdr Series Trust (Call) (XRT) stake by 212,400 shares to 2,700 valued at $113,000 in 2017Q3. It also reduced Amazon Com Inc (NASDAQ:AMZN) stake by 16,132 shares and now owns 3,768 shares. Amdocs Ltd (NASDAQ:DOX) was reduced too.

Among 22 analysts covering Ally Financial (NYSE:ALLY), 17 have Buy rating, 1 Sell and 4 Hold. Therefore 77% are positive. Ally Financial had 51 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Thursday, October 26. The stock has “Hold” rating by J.P. Morgan on Friday, January 12. Piper Jaffray maintained Ally Financial Inc. (NYSE:ALLY) on Wednesday, August 30 with “Buy” rating. Keefe Bruyette & Woods maintained it with “Buy” rating and $35.0 target in Thursday, December 21 report. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, May 31 report. The firm earned “Buy” rating on Wednesday, October 25 by BTIG Research. The stock has “Sell” rating by Stephens on Tuesday, January 2. The stock of Ally Financial Inc. (NYSE:ALLY) earned “Market Perform” rating by Wells Fargo on Wednesday, April 27. The stock has “Neutral” rating by Macquarie Research on Wednesday, May 11. The company was maintained on Thursday, October 26 by Barclays Capital.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. They expect $2.87 EPS, up 16.19% or $0.40 from last year’s $2.47 per share. BA’s profit will be $1.71B for 29.29 P/E if the $2.87 EPS becomes a reality. After $2.72 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.51% EPS growth.

Since July 31, 2017, it had 0 buys, and 5 selling transactions for $20.35 million activity. $1.02 million worth of stock was sold by CAPOZZI HEIDI B on Monday, July 31. The insider Downey Thomas J sold 134 shares worth $32,321. Muilenburg Dennis A also sold $13.84M worth of The Boeing Company (NYSE:BA) shares. Shares for $4.85M were sold by Smith Gregory D. $616,499 worth of stock was sold by Verbeck Robert E on Monday, July 31.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. Cowen & Co maintained The Boeing Company (NYSE:BA) rating on Wednesday, September 6. Cowen & Co has “Buy” rating and $300.0 target. JP Morgan upgraded The Boeing Company (NYSE:BA) on Friday, July 14 to “Overweight” rating. RBC Capital Markets maintained The Boeing Company (NYSE:BA) on Thursday, September 3 with “Sector Perform” rating. The company was maintained on Monday, July 24 by Cowen & Co. JP Morgan downgraded the shares of BA in report on Friday, February 12 to “Neutral” rating. The company was maintained on Wednesday, January 3 by Seaport Global. Bernstein maintained it with “Outperform” rating and $310 target in Monday, October 30 report. The stock of The Boeing Company (NYSE:BA) earned “Hold” rating by Buckingham Research on Friday, December 22. The stock of The Boeing Company (NYSE:BA) has “Equal-Weight” rating given on Tuesday, October 24 by Morgan Stanley. The company was maintained on Tuesday, May 30 by Jefferies.

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