Amundi Boosts Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Amundi raised its position in Two Harbors Investment Corp. (NYSE:TWO) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 745,202 shares of the real estate investment trust’s stock after purchasing an additional 31,834 shares during the period. Amundi’s holdings in Two Harbors Investment were worth $8,406,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. McIlrath & Eck LLC purchased a new position in Two Harbors Investment in the third quarter valued at about $64,000. KBC Group NV boosted its stake in shares of Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 3,077 shares during the last quarter. Motiv8 Investments LLC purchased a new position in shares of Two Harbors Investment during the 4th quarter valued at approximately $130,000. Simplify Asset Management Inc. acquired a new stake in shares of Two Harbors Investment during the third quarter worth approximately $134,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Two Harbors Investment in the fourth quarter worth $172,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, insider Rebecca B. Sandberg sold 3,785 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $11.14, for a total transaction of $42,164.90. Following the completion of the sale, the insider now directly owns 152,378 shares in the company, valued at approximately $1,697,490.92. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CIO Nicholas Letica sold 6,040 shares of the company’s stock in a transaction 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 completion of the transaction, the executive now directly owns 174,672 shares in the company, valued at $1,944,099.36. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,136 shares of company stock worth $377,154 over the last three months. Corporate insiders own 0.61% of the company’s stock.

Two Harbors Investment Stock Up 2.4 %

TWO stock opened at $13.69 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of 6.49 and a beta of 1.86. The firm’s 50-day simple moving average is $12.81 and its 200 day simple moving average is $12.65. Two Harbors Investment Corp. has a fifty-two week low of $10.84 and a fifty-two week high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share 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%. As a group, sell-side analysts predict that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.15%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio is currently 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.