KBC Group NV Buys 3,077 Shares of Two Harbors Investment Corp. (NYSE:TWO)

KBC Group NV lifted its stake in Two Harbors Investment Corp. (NYSE:TWO) by 86.5% during the 4th quarter, Holdings Channel reports. The firm owned 6,635 shares of the real estate investment trust’s stock after acquiring an additional 3,077 shares during the period. KBC Group NV’s holdings in Two Harbors Investment were worth $78,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares during the last quarter. McIlrath & Eck LLC bought a new position in Two Harbors Investment during the third quarter worth about $64,000. Simplify Asset Management Inc. bought a new position in Two Harbors Investment during the third quarter worth about $134,000. AQR Capital Management LLC bought a new position in Two Harbors Investment during the second quarter worth about $147,000. Finally, QRG Capital Management Inc. lifted its holdings in Two Harbors Investment by 11.3% during the third 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 in the last quarter. 64.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TWO. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Royal Bank of Canada reduced their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. 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. JMP Securities restated a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Two Harbors Investment presently has an average rating of “Moderate Buy” and a consensus target price of $13.79.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock opened at $12.90 on Monday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 6.11 and a beta of 1.84. The stock’s 50-day moving average is $11.88 and its 200-day moving average is $12.62. Two Harbors Investment Corp. has a one year low of $10.84 and a one year high of $14.27. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. Equities analysts predict that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors 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 13.96%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio is currently 85.31%.

Insider Activity at Two Harbors Investment

In other Two Harbors Investment news, CIO Nicholas Letica sold 5,737 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the transaction, the executive now owns 168,935 shares of the company’s stock, valued at $1,905,586.80. The trade was a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rebecca B. Sandberg sold 3,785 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $11.14, for a total value of $42,164.90. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,754 shares of company stock valued at $333,307. 0.61% of the stock is owned by insiders.

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.