LPL Financial LLC Increases Position in Annaly Capital Management, Inc. (NYSE:NLY)

LPL Financial LLC lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 720,982 shares of the real estate investment trust's stock after purchasing an additional 59,883 shares during the period. LPL Financial LLC owned about 0.14% of Annaly Capital Management worth $13,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NLY. Vanguard Group Inc. increased its stake in Annaly Capital Management by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust's stock worth $931,303,000 after buying an additional 3,668,441 shares in the last quarter. BlackRock Inc. grew its position in shares of Annaly Capital Management by 2.2% in the second quarter. BlackRock Inc. now owns 56,148,379 shares of the real estate investment trust's stock valued at $1,123,529,000 after purchasing an additional 1,235,284 shares in the last quarter. State Street Corp grew its position in shares of Annaly Capital Management by 14.0% in the second quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust's stock valued at $212,614,000 after purchasing an additional 4,263,394 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Annaly Capital Management by 2.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,870,508 shares of the real estate investment trust's stock valued at $317,334,000 after purchasing an additional 328,780 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Annaly Capital Management by 166.1% in the second quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust's stock valued at $87,858,000 after purchasing an additional 9,279,874 shares in the last quarter. Hedge funds and other institutional investors own 49.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $17.00 to $21.50 and gave the company an "outperform" rating in a research report on Wednesday, December 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Jonestrading upped their price objective on Annaly Capital Management from $18.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, February 8th. StockNews.com upgraded Annaly Capital Management from a "sell" rating to a "hold" rating in a report on Saturday, January 27th. Finally, UBS Group restated a "neutral" rating and set a $19.00 price target on shares of Annaly Capital Management in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and an average price target of $21.07.

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the transaction, the chief executive officer now owns 662,469 shares of the company's stock, valued at $12,606,785.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company's stock.

Annaly Capital Management Stock Up 1.0 %

NYSE:NLY opened at $19.29 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22. The stock's fifty day moving average is $19.22 and its two-hundred day moving average is $18.73. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.07.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.48%. The ex-dividend date of this dividend was Thursday, December 28th. Annaly Capital Management's payout ratio is currently -72.02%.

Annaly Capital Management Profile

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.

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