Northern Trust Corp Has $11.21 Million Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Northern Trust Corp increased its stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 800,838 shares of the real estate investment trust's stock after acquiring an additional 70,362 shares during the quarter. Northern Trust Corp owned about 0.99% of Chimera Investment worth $11,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in Chimera Investment by 301.6% in the 3rd quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust's stock valued at $2,901,000 after buying an additional 137,655 shares during the period. Prudential Financial Inc. increased its holdings in Chimera Investment by 79.0% in the 4th quarter. Prudential Financial Inc. now owns 56,659 shares of the real estate investment trust's stock valued at $793,000 after buying an additional 25,000 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Chimera Investment by 84.7% in the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust's stock valued at $4,339,000 after purchasing an additional 142,105 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Chimera Investment by 66.7% in the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust's stock valued at $1,400,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Chimera Investment in the 4th quarter valued at $468,000. Institutional investors own 48.44% of the company's stock.

Insider Buying and Selling

In related news, Director Gerard Creagh acquired 12,500 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now owns 138,127 shares in the company, valued at $1,838,470.37. This represents a 9.95% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CIM shares. Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd. Wall Street Zen upgraded shares of Chimera Investment from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, UBS Group raised Chimera Investment from a "neutral" rating to a "buy" rating and upped their price target for the company from $11.50 to $15.00 in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Chimera Investment Trading Down 0.5%

Shares of CIM stock traded down $0.07 on Thursday, reaching $13.07. The company had a trading volume of 615,570 shares, compared to its average volume of 601,986. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The stock has a market cap of $1.06 billion, a PE ratio of 12.10 and a beta of 1.76. The company has a 50-day moving average of $12.37 and a 200-day moving average of $13.71. Chimera Investment Co. has a 12 month low of $9.85 and a 12 month high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. The business had revenue of $69.22 million during the quarter, compared to analysts' expectations of $72.07 million. On average, equities analysts forecast that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 11.32%. Chimera Investment's payout ratio is 98.67%.

About Chimera Investment

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.