Stocks
Ally Financial Buys 11,000 Shares of Home Depot Stock
Ally Financial Inc., a leading financial institution, has acquired a new stake in The Home Depot, Inc. (NYSE:HD) by buying 11,000 shares during the second quarter.
The acquisition is valued at approximately $3,879,000 and marks Ally's entry into The Home Depot's shareholder base.
This move follows other institutional investors who have also increased their stakes in the home improvement retailer. For instance, Brighton Jones LLC boosted its stake by 36.5% during the fourth quarter, while Sivia Capital Partners LLC raised its stake by 7.1% in the second quarter.