Two Harbors Investment Corp. (NYSE:TWO) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Two Harbors Investment Corp. (NYSE:TWO) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 746,985 shares of the real estate investment trust’s stock after purchasing an additional 46,946 shares during the quarter. Bank of New York Mellon Corp owned 0.72% of Two Harbors Investment worth $8,837,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Simplify Asset Management Inc. acquired a new stake in Two Harbors Investment during the 3rd quarter valued at approximately $134,000. Quest Partners LLC acquired a new position in Two Harbors Investment during the 3rd quarter valued at approximately $308,000. Phocas Financial Corp. acquired a new position in Two Harbors Investment during the 3rd quarter valued at approximately $3,505,000. Intech Investment Management LLC boosted its position in Two Harbors Investment by 149.6% during the 3rd quarter. Intech Investment Management LLC now owns 33,987 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 20,372 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Two Harbors Investment by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock valued at $20,605,000 after purchasing an additional 33,852 shares during the period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Performance

Two Harbors Investment stock opened at $13.69 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.42 billion, a PE ratio of 6.49 and a beta of 1.86. The firm has a fifty day simple moving average of $12.81 and a two-hundred day simple moving average of $12.65. Two Harbors Investment Corp. has a twelve month low of $10.84 and a twelve month high of $14.28.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Research analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 13.15%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 85.31%.

Analysts Set New Price Targets

TWO has been the topic of a number of research reports. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Compass Point lowered their target price on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. Royal Bank of Canada boosted their price target on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. JMP Securities reissued a “market outperform” rating and set a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.96.

Insider Buying and Selling at Two Harbors Investment

In other 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 value 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. The trade was a 2.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction that occurred 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 completion of the sale, the executive now owns 174,672 shares of the company’s stock, valued at $1,944,099.36. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,136 shares of company stock worth $377,154 over the last 90 days. 0.61% of the stock is owned by insiders.

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.