Envestnet Asset Management Inc. Has $8.86 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Envestnet Asset Management Inc. grew its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 484,043 shares of the real estate investment trust's stock after purchasing an additional 82,983 shares during the period. Envestnet Asset Management Inc. owned approximately 0.09% of Annaly Capital Management worth $8,858,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Annaly Capital Management in the 4th quarter worth $127,397,000. Vanguard Group Inc. grew its stake in Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after acquiring an additional 5,859,104 shares in the last quarter. KBC Group NV increased its holdings in Annaly Capital Management by 238.9% during the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after acquiring an additional 3,664,098 shares during the period. PL Capital Advisors LLC boosted its holdings in Annaly Capital Management by 1,730.0% in the 4th quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust's stock valued at $51,105,000 after purchasing an additional 2,640,032 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Annaly Capital Management by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after purchasing an additional 814,917 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on NLY shares. Keefe, Bruyette & Woods cut their target price on shares of Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective for the company. Finally, Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.07.

Annaly Capital Management Trading Up 0.9 %

Shares of Annaly Capital Management stock traded up $0.18 during trading hours on Thursday, hitting $18.84. 926,753 shares of the company were exchanged, compared to its average volume of 5,990,185. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 4.89 and a beta of 1.31. Annaly Capital Management, Inc. has a 1 year low of $16.60 and a 1 year high of $22.11. The business has a 50-day moving average of $20.29 and a 200-day moving average of $19.80.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 14.86%. The ex-dividend date is Monday, March 31st. Annaly Capital Management's payout ratio is 176.10%.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.