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

Amundi boosted its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 745,202 shares of the real estate investment trust’s stock after buying an additional 31,834 shares during the quarter. Amundi owned 0.72% of Two Harbors Investment worth $8,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Phocas Financial Corp. acquired a new stake in shares of Two Harbors Investment in the 3rd quarter worth approximately $3,505,000. Geode Capital Management LLC boosted its position in Two Harbors Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after purchasing an additional 48,264 shares in the last quarter. Barclays PLC increased its position in shares of Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 133,869 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Two Harbors Investment during the 3rd quarter worth $217,000. Finally, Van ECK Associates Corp boosted its position in shares of Two Harbors Investment by 20.2% in the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock worth $10,564,000 after buying an additional 149,870 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the completion of the sale, the executive now owns 174,672 shares in the company, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction 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. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,136 shares of company stock valued at $377,154 over the last quarter. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have 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. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Royal Bank of Canada boosted their price target on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Compass Point decreased their price objective 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.96.

Two Harbors Investment Price Performance

TWO stock opened at $13.69 on Friday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 6.49 and a beta of 1.86. 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 Corp. has a 52-week low of $10.84 and a 52-week high of $14.28. The stock’s fifty day simple moving average is $12.81 and its 200-day simple moving average is $12.65.

Two Harbors Investment (NYSE:TWO) 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 analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Equities research analysts expect 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. Investors of record on Friday, January 3rd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 13.15%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is 85.31%.

About Two Harbors Investment

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.