LPL Financial LLC Purchases 43,253 Shares of Two Harbors Investments Corp $TWO

Key Points

• LPL Financial LLC increased its stake in Two Harbors Investments Corp by 36.7%, acquiring an additional 43,253 shares, bringing their total holdings to 161,247 shares valued at approximately $2.15 million.
• Several institutional investors have also made significant acquisitions in Two Harbors Investments during the fourth quarter, with holdings boosted by firms like Wells Fargo and Sterling Capital Management.
• Analysts have lowered their price targets for Two Harbors Investments, with a consensus rating of "Hold" and an average target price of $12.57, while the stock currently trades around $10.0650.

LPL Financial LLC grew its stake in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 36.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,247 shares of the real estate investment trust's stock after buying an additional 43,253 shares during the period. LPL Financial LLC owned approximately 0.16% of Two Harbors Investments worth $2,154,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TWO. Wells Fargo & Company MN lifted its position in shares of Two Harbors Investments by 30.1% during the 4th quarter. Wells Fargo & Company MN now owns 90,129 shares of the real estate investment trust's stock worth $1,066,000 after purchasing an additional 20,853 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Two Harbors Investments by 1.3% during the 4th quarter. Legal & General Group Plc now owns 284,444 shares of the real estate investment trust's stock worth $3,365,000 after purchasing an additional 3,734 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Two Harbors Investments during the 4th quarter worth about $172,000. Sterling Capital Management LLC lifted its position in shares of Two Harbors Investments by 818.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,963 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Two Harbors Investments by 5.8% during the 4th quarter. Barclays PLC now owns 182,501 shares of the real estate investment trust's stock worth $2,159,000 after purchasing an additional 9,944 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investments Trading Up 2.7%

NYSE:TWO traded up $0.2550 during trading hours on Friday, hitting $9.8250. 3,675,129 shares of the stock were exchanged, compared to its average volume of 1,718,848. The company's 50 day moving average is $10.27 and its two-hundred day moving average is $11.60. Two Harbors Investments Corp has a twelve month low of $9.49 and a twelve month high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1.02 billion, a P/E ratio of -2.76 and a beta of 1.25.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%.The firm had revenue of ($18.12) million for the quarter, compared to the consensus estimate of ($23.29) million. On average, sell-side analysts anticipate that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.8%. Two Harbors Investments's dividend payout ratio is -43.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TWO shares. Wall Street Zen lowered Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. UBS Group lowered their price objective on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. JMP Securities reiterated a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Two Harbors Investments presently has an average rating of "Hold" and a consensus target price of $12.57.

Insider Buying and Selling at Two Harbors Investments

In other news, CIO Nicholas Letica sold 8,654 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the transaction, the executive owned 160,281 shares of the company's stock, valued at $1,606,015.62. This represents a 5.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Two Harbors Investments 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.