Allspring Global Investments Holdings LLC Has $64.16 Million Position in Two Harbors Investment Corp. (NYSE:TWO)

Allspring Global Investments Holdings LLC raised its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,350,945 shares of the real estate investment trust’s stock after buying an additional 69,725 shares during the period. Allspring Global Investments Holdings LLC owned about 5.16% of Two Harbors Investment worth $64,158,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at $64,000. KBC Group NV lifted its stake in shares of Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 3,077 shares during the last quarter. Simplify Asset Management Inc. acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at $134,000. AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investment in the 2nd quarter valued at $147,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 1,230 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Stock Performance

NYSE:TWO opened at $13.39 on Friday. The firm’s 50-day moving average is $11.96 and its 200-day moving average is $12.61. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.27. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 6.34 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last posted 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 return on equity of 6.52% and a net margin of 66.24%. Equities research analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 13.45%. Two Harbors Investment’s payout ratio is 85.31%.

Insider Transactions at Two Harbors Investment

In other news, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total transaction of $67,225.20. Following the sale, the executive now directly owns 174,672 shares in the company, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rebecca B. Sandberg sold 3,785 shares of Two Harbors Investment stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.14, for a total transaction of $42,164.90. Following the sale, the insider now owns 152,378 shares in the company, valued at approximately $1,697,490.92. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,136 shares of company stock worth $377,154. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TWO has been the subject of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Compass Point reduced their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their target price 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Two Harbors Investment has a consensus rating of “Moderate Buy” and an average target price of $13.96.

Two Harbors Investment 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.