Two Harbors Investment Corp. (NYSE:TWO) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,129 shares of the real estate investment trust's stock after purchasing an additional 20,853 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of Two Harbors Investment worth $1,066,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TWO. Murphy & Mullick Capital Management Corp purchased a new position in shares of Two Harbors Investment during the 4th quarter worth approximately $40,000. McIlrath & Eck LLC purchased a new position in Two Harbors Investment in the third quarter worth $64,000. KBC Group NV boosted its position in shares of Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 3,077 shares in the last quarter. Motiv8 Investments LLC purchased a new position in shares of Two Harbors Investment in the 4th quarter valued at about $130,000. Finally, Simplify Asset Management Inc. lifted its stake in shares of Two Harbors Investment by 10.0% in the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock valued at $130,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.19% of the company's stock.

Insider Transactions at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

TWO has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. JMP Securities decreased their price target on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada boosted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. UBS Group boosted their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.29.

Two Harbors Investment Stock Down 0.0 %

Shares of Two Harbors Investment stock traded down $0.01 on Monday, hitting $11.87. 113,943 shares of the company's stock traded hands, compared to its average volume of 1,452,731. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The firm's 50-day moving average is $12.58 and its 200 day moving average is $12.28. The stock has a market cap of $1.23 billion, a P/E ratio of 5.62 and a beta of 1.36. Two Harbors Investment Corp. has a 52-week low of $10.16 and a 52-week high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The company had revenue of ($20.33) million for the quarter, compared to analyst estimates of ($28.53) million. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.17%. Two Harbors Investment's dividend payout ratio (DPR) is -352.94%.

About Two Harbors Investment

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.