Two Harbors Investment Corp. (NYSE:TWO) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 63.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 420,923 shares of the real estate investment trust's stock after purchasing an additional 162,781 shares during the period. JPMorgan Chase & Co. owned about 0.41% of Two Harbors Investment worth $4,980,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TWO. TrueMark Investments LLC lifted its holdings in Two Harbors Investment by 92.7% during the 4th quarter. TrueMark Investments LLC now owns 54,605 shares of the real estate investment trust's stock worth $646,000 after buying an additional 26,267 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment during the 4th quarter valued at approximately $40,000. Vanguard Group Inc. lifted its stake in Two Harbors Investment by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust's stock worth $135,928,000 after purchasing an additional 329,762 shares during the last quarter. LPL Financial LLC boosted its holdings in Two Harbors Investment by 18.8% in the fourth quarter. LPL Financial LLC now owns 117,994 shares of the real estate investment trust's stock worth $1,396,000 after purchasing an additional 18,682 shares during the period. Finally, Simplify Asset Management Inc. increased its stake in Two Harbors Investment by 10.0% during the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock valued at $130,000 after purchasing an additional 1,000 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $10.97 on Friday. Two Harbors Investment Corp. has a 12-month low of $10.16 and a 12-month high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.14 billion, a PE ratio of 5.20 and a beta of 1.36. The stock has a 50 day simple moving average of $12.96 and a 200-day simple moving average of $12.37.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released 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 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 year.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 16.42%. Two Harbors Investment's payout ratio is 85.31%.

Insider Activity at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TWO shares. StockNews.com upgraded shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research note on Wednesday. JMP Securities lowered their target price on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating for the company in a report on Thursday. Keefe, Bruyette & Woods cut their price target on Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.46.

Two Harbors Investment Company 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.

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