Allspring Global Investments Holdings LLC Increases Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Allspring Global Investments Holdings LLC grew its stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,350,945 shares of the real estate investment trust's stock after acquiring an additional 69,725 shares during the quarter. Allspring Global Investments Holdings LLC owned about 5.16% of Two Harbors Investment worth $64,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWO. McIlrath & Eck LLC acquired a new position in Two Harbors Investment during the 3rd quarter valued at approximately $64,000. KBC Group NV increased its position in shares of Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 3,077 shares during the period. Simplify Asset Management Inc. acquired a new position in shares of Two Harbors Investment in the 3rd quarter valued at $134,000. AQR Capital Management LLC purchased a new position in Two Harbors Investment in the 2nd quarter worth $147,000. Finally, QRG Capital Management Inc. lifted its position in Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust's stock worth $168,000 after acquiring an additional 1,230 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the sale, the insider now directly owns 146,803 shares in the company, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Nicholas Letica sold 6,040 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the transaction, the executive now directly owns 174,672 shares of the company's stock, valued at $1,944,099.36. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock valued at $377,154 in the last three months. 0.61% of the stock is currently owned by company insiders.

Two Harbors Investment Stock Performance

NYSE TWO traded up $0.14 during mid-day trading on Monday, reaching $13.53. 627,431 shares of the stock were exchanged, compared to its average volume of 1,228,369. Two Harbors Investment Corp. has a 1 year low of $10.84 and a 1 year high of $14.27. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The business's 50 day moving average is $12.03 and its 200-day moving average is $12.60. The company has a market capitalization of $1.40 billion, a P/E ratio of 6.41 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (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%. On average, equities research analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.31%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment's dividend payout ratio (DPR) is presently 85.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Royal Bank of Canada raised their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research report on Thursday. JMP Securities restated a "market outperform" rating and set a $14.00 price objective on shares of Two Harbors Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, Compass Point decreased their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research report on Monday, November 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $13.96.

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.