Wells Fargo & Company MN Has $1.07 Million Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

Wells Fargo & Company MN lifted its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 30.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 0.09% of Two Harbors Investment worth $1,066,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TWO. Vanguard Group Inc. raised its stake in Two Harbors Investment by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock valued at $135,928,000 after buying an additional 329,762 shares during the period. Norges Bank bought a new stake in Two Harbors Investment in the 4th quarter valued at $3,898,000. GraniteShares Advisors LLC acquired a new stake in Two Harbors Investment during the 4th quarter valued at $2,476,000. JPMorgan Chase & Co. boosted its position in Two Harbors Investment by 63.1% during the fourth quarter. JPMorgan Chase & Co. now owns 420,923 shares of the real estate investment trust’s stock worth $4,980,000 after purchasing an additional 162,781 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in shares of Two Harbors Investment by 29.3% in the fourth quarter. Wolverine Asset Management LLC now owns 694,397 shares of the real estate investment trust’s stock valued at $8,215,000 after purchasing an additional 157,276 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Insiders Place Their Bets

In related news, insider Rebecca B. Sandberg sold 2,561 shares of Two Harbors Investment stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Two Harbors Investment Stock Performance

TWO opened at $12.40 on Wednesday. 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 52-week low of $10.16 and a 52-week high of $14.28. The firm has a market cap of $1.29 billion, a P/E ratio of 5.88 and a beta of 1.36. The business’s fifty day moving average is $12.70 and its 200-day moving average is $12.31.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The firm had revenue of ($20.33) million for the quarter, compared to analyst estimates of ($28.53) million. Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Sell-side analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.52%. The ex-dividend date of this dividend was Friday, April 4th. Two Harbors Investment’s dividend payout ratio is presently 85.31%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. 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, February 13th. JMP Securities reduced their price objective on Two Harbors Investment from $14.00 to $13.50 and set a “market outperform” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on Two Harbors Investment from $12.50 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Two Harbors Investment has an average rating of “Moderate Buy” and an average price target of $13.46.

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.