JPMorgan Chase & Co. Has $3.58 Million Stake in Two Harbors Investment Corp. (NYSE:TWO)

JPMorgan Chase & Co. boosted its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,142 shares of the real estate investment trust’s stock after buying an additional 3,391 shares during the period. JPMorgan Chase & Co. owned about 0.25% of Two Harbors Investment worth $3,583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 2,100 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in Two Harbors Investment during the third quarter valued at approximately $64,000. Simplify Asset Management Inc. acquired a new stake in Two Harbors Investment during the third quarter valued at approximately $134,000. AQR Capital Management LLC bought a new stake in shares of Two Harbors Investment in the 2nd quarter valued at approximately $147,000. Finally, QRG Capital Management Inc. raised its holdings in shares of Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 1,230 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Insider Activity

In related news, insider Rebecca B. Sandberg sold 3,785 shares of Two Harbors Investment stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $11.14, for a total transaction of $42,164.90. Following the transaction, the insider now owns 152,378 shares of the company’s stock, valued at $1,697,490.92. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the transaction, the executive now directly owns 174,672 shares in the company, valued at approximately $1,944,099.36. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,754 shares of company stock valued at $333,307. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TWO has been the topic of a number of analyst reports. Compass Point lowered their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. Royal Bank of Canada lowered their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. JMP Securities cut their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment has a consensus rating of “Hold” and an average target price of $13.71.

Two Harbors Investment Price Performance

TWO opened at $11.96 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $1.24 billion, a P/E ratio of -2.48 and a beta of 1.83. The company’s 50 day simple moving average is $11.69 and its 200-day simple moving average is $12.74. Two Harbors Investment Corp. has a one year low of $10.84 and a one year high of $14.27.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The firm had revenue of $112.64 million during the quarter. During the same period in the prior year, the business earned ($0.01) earnings per share. Sell-side analysts anticipate that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 15.06%. Two Harbors Investment’s payout ratio is presently -37.34%.

Two Harbors Investment Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.