Should You Invest in This Warren Buffett Stock Right Now?
A little more than a week ago, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) made news when it posted its 13F filing, which detailed the changes in the company's $300 billion stock portfolio in the second quarter. Investors are keen to know what moves the company, run by Warren Buffett, has made as a guide to help them make decisions in their own portfolio.
One of the biggest moves that Buffett made in the second quarter was adding to his position in Ally Financial (NYSE: ALLY), an online bank and lender. Let's take a look at this stock to see if it is one you should consider for your portfolio.
Buffett added Ally Financial to Berkshire's portfolio in the first quarter of this year, with a stake of about 9 million shares. In the second quarter, he more than tripled his stake in the company and now owns roughly 30 million shares valued at about $1 billion.
Source Fool.com
