Stifel Financial Corp Increases Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Stifel Financial Corp grew its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,552 shares of the real estate investment trust's stock after buying an additional 59,661 shares during the quarter. Stifel Financial Corp owned 0.06% of Annaly Capital Management worth $6,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Assetmark Inc. bought a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $31,000. Blue Trust Inc. increased its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 717 shares in the last quarter. Larson Financial Group LLC lifted its position in Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 549 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 549 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,030 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded down $0.10 during trading on Friday, reaching $19.32. 8,553,074 shares of the company were exchanged, compared to its average volume of 6,090,312. The firm has a market capitalization of $11.54 billion, a PE ratio of 12.15, a P/E/G ratio of 4.89 and a beta of 1.31. Annaly Capital Management, Inc. has a 12-month low of $16.60 and a 12-month high of $22.11. The business's fifty day simple moving average is $20.04 and its 200-day simple moving average is $19.79.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The firm had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.70 dividend. The ex-dividend date was Monday, March 31st. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 14.49%. Annaly Capital Management's dividend payout ratio is currently 176.10%.

Analyst Upgrades and Downgrades

NLY has been the subject of a number of recent analyst reports. Jones Trading reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Friday. Keefe, Bruyette & Woods increased their price objective on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Piper Sandler reduced their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.10.

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.