Bank of New York Mellon Corp Grows Position in Two Harbors Investment Corp. (NYSE:TWO)

Bank of New York Mellon Corp increased its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 746,985 shares of the real estate investment trust's stock after purchasing an additional 46,946 shares during the period. Bank of New York Mellon Corp owned approximately 0.72% of Two Harbors Investment worth $8,837,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of TWO. Simplify Asset Management Inc. bought a new position in shares of Two Harbors Investment in the third quarter worth $134,000. Quest Partners LLC bought a new position in Two Harbors Investment in the third quarter valued at about $308,000. Phocas Financial Corp. bought a new position in Two Harbors Investment in the third quarter valued at about $3,505,000. Intech Investment Management LLC grew its position in Two Harbors Investment by 149.6% in the third quarter. Intech Investment Management LLC now owns 33,987 shares of the real estate investment trust's stock valued at $472,000 after acquiring an additional 20,372 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Two Harbors Investment by 2.3% in the third 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 acquiring an additional 33,852 shares during the last quarter. Institutional investors own 64.19% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TWO. JMP Securities reiterated a "market outperform" rating and issued a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Compass Point cut their price target 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. Finally, Royal Bank of Canada lifted their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Two Harbors Investment presently has an average rating of "Moderate Buy" and a consensus price target of $13.96.

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Insider Buying and Selling at Two Harbors Investment

In other news, CIO Nicholas Letica sold 3,956 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the transaction, the executive now directly owns 180,712 shares of the company's stock, valued at $2,025,781.52. This represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rebecca B. Sandberg sold 5,025 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $56,330.25. Following the transaction, the insider now directly owns 156,163 shares in the company, valued at $1,750,587.23. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,136 shares of company stock valued at $377,154. 0.61% of the stock is currently owned by company insiders.

Two Harbors Investment Trading Down 0.2 %

Shares of Two Harbors Investment stock traded down $0.03 during midday trading on Tuesday, reaching $13.84. The company had a trading volume of 916,980 shares, compared to its average volume of 1,246,935. The stock has a fifty day moving average price of $12.86 and a 200 day moving average price of $12.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The firm has a market cap of $1.44 billion, a PE ratio of 6.56 and a beta of 1.86. Two Harbors Investment Corp. has a fifty-two week low of $10.84 and a fifty-two week high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its quarterly 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 net margin of 66.24% and a return on equity of 6.52%. On average, equities analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.01%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment's dividend payout ratio (DPR) is presently 85.31%.

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.