Bank of New York Mellon Corp Grows Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Bank of New York Mellon Corp increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,040,958 shares of the real estate investment trust's stock after acquiring an additional 325,542 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.72% of Annaly Capital Management worth $73,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of Annaly Capital Management by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock worth $332,665,000 after purchasing an additional 109,655 shares during the period. State Street Corp raised its position in Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock worth $360,296,000 after acquiring an additional 223,294 shares during the period. Geode Capital Management LLC boosted its stake in Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust's stock valued at $172,988,000 after acquiring an additional 241,465 shares during the last quarter. KBC Group NV grew its position in shares of Annaly Capital Management by 238.9% during the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock valued at $95,124,000 after acquiring an additional 3,664,098 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust's stock worth $79,900,000 after purchasing an additional 3,350,435 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on NLY. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective for the company. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.

Annaly Capital Management Stock Performance

Annaly Capital Management stock traded up $0.48 during midday trading on Friday, reaching $21.79. 4,643,114 shares of the stock were exchanged, compared to its average volume of 7,479,167. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.05. The firm has a market cap of $12.60 billion, a PE ratio of 13.70, a PEG ratio of 4.89 and a beta of 1.53. The company's fifty day moving average is $20.04 and its 200-day moving average is $19.90.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.