Two Harbors Investment Corp. (NYSE:TWO) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 63.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420,923 shares of the real estate investment trust's stock after acquiring an additional 162,781 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Two Harbors Investment worth $4,980,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TWO. Geode Capital Management LLC increased its holdings in shares of Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock worth $33,885,000 after buying an additional 48,264 shares during the last quarter. Barclays PLC grew its holdings in shares of Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock worth $2,395,000 after purchasing an additional 133,869 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Two Harbors Investment by 20.2% in the fourth quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock worth $10,564,000 after buying an additional 149,870 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Two Harbors Investment by 97.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust's stock valued at $687,000 after acquiring an additional 28,607 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Two Harbors Investment by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust's stock valued at $64,158,000 after acquiring an additional 69,725 shares during the last quarter. Institutional investors own 64.19% of the company's stock.

Analyst Ratings Changes

TWO has been the subject of several research analyst reports. StockNews.com upgraded shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. JMP Securities reduced their price target on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada upped their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods lowered their price target on Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.46.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the transaction, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

Two Harbors Investment Stock Performance

Two Harbors Investment stock traded up $0.01 during midday trading on Thursday, hitting $11.39. 197,117 shares of the company were exchanged, compared to its average volume of 1,187,139. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a fifty-two week low of $10.16 and a fifty-two week high of $14.28. The business has a fifty day simple moving average of $12.83 and a two-hundred day simple moving average of $12.33. The firm has a market capitalization of $1.18 billion, a PE ratio of 5.39 and a beta of 1.36.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. On average, sell-side analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 4th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.81%. The ex-dividend date of this dividend is Friday, April 4th. Two Harbors Investment's dividend payout ratio is currently 85.31%.

Two Harbors Investment 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.