Bank of New York Mellon Corp Sells 24,556 Shares of Two Harbors Investment Corp. (NYSE:TWO) (2024)

Posted by Defense World Staff on Jan 27th, 2024

Bank of New York Mellon Corp lessened its position in Two Harbors Investment Corp. (NYSE:TWO – Free Report) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 802,295 shares of the real estate investment trust’s stock after selling 24,556 shares during the quarter. Bank of New York Mellon Corp owned 0.83% of Two Harbors Investment worth $10,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Golden State Equity Partners boosted its holdings in shares of Two Harbors Investment by 10.1% during the third quarter. Golden State Equity Partners now owns 76,424 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 6,982 shares during the period. SG Americas Securities LLC purchased a new stake in Two Harbors Investment in the third quarter worth about $256,000. AE Wealth Management LLC lifted its holdings in Two Harbors Investment by 7.0% in the third quarter. AE Wealth Management LLC now owns 17,020 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 1,113 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Two Harbors Investment by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 27,885 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 1,500 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in Two Harbors Investment by 1.7% in the second quarter. Nuveen Asset Management LLC now owns 239,964 shares of the real estate investment trust’s stock worth $3,331,000 after buying an additional 3,901 shares during the period. 63.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Two Harbors Investment from $14.00 to $17.00 and gave the stock a “market perform” rating in a report on Wednesday, December 13th. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Friday, January 19th. JMP Securities raised their price objective on shares of Two Harbors Investment from $12.50 to $15.00 and gave the stock a “market outperform” rating in a report on Friday, December 15th. Finally, UBS Group assumed coverage on shares of Two Harbors Investment in a report on Wednesday, December 6th. They set a “neutral” rating and a $14.50 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.11.

View Our Latest Analysis on Two Harbors Investment

Insider Activity at Two Harbors Investment

In related news, insider Robert Rush sold 3,443 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $14.05, for a total value of $48,374.15. Following the sale, the insider now directly owns 78,433 shares of the company’s stock, valued at approximately $1,101,983.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Robert Rush sold 3,443 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $14.05, for a total transaction of $48,374.15. Following the transaction, the insider now directly owns 78,433 shares in the company, valued at $1,101,983.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William Ross Greenberg sold 9,663 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $13.28, for a total transaction of $128,324.64. Following the transaction, the chief executive officer now owns 271,249 shares in the company, valued at $3,602,186.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,665 shares of company stock valued at $594,605. Insiders own 0.45% of the company’s stock.

Two Harbors Investment Trading Down 0.1 %

NYSE:TWO opened at $13.57 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. Two Harbors Investment Corp. has a 12 month low of $9.83 and a 12 month high of $18.67. The company has a market cap of $1.31 billion, a PE ratio of -28.27 and a beta of 1.88. The company has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $13.25.

Two Harbors Investment (NYSE:TWO – Get Free Report) last released its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.20). Two Harbors Investment had a net margin of 12.38% and a return on equity of 3.34%. The firm had revenue of $123.61 million for the quarter. During the same quarter last year, the business posted $0.61 EPS. Research analysts forecast that Two Harbors Investment Corp. will post -3.15 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, January 12th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.26%. The ex-dividend date of this dividend is Thursday, January 11th. Two Harbors Investment’s payout ratio is -374.99%.

Two Harbors Investment Profile

(Free Report)

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As an expert and enthusiast, I don't have personal experiences or access to real-time information. However, I can provide you with information based on the search results available to me. Here's what I found related to the concepts mentioned in the article you provided:

Two Harbors Investment Corp.

Two Harbors Investment Corp. (NYSE: TWO) is a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States [[1]]. The company's target assets include agency RMBS collateralized by fixed-rate mortgage loans, adjustable-rate mortgage loans, and hybrid adjustable-rate mortgages (ARMs) [[1]]. They also invest in other assets such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions [[1]].

Institutional Investors and Hedge Funds

According to the article, Bank of New York Mellon Corp lessened its position in Two Harbors Investment Corp. by 3.0% during the third quarter [[2]]. The fund owned 802,295 shares of the real estate investment trust's stock after selling 24,556 shares during the quarter [[2]]. Bank of New York Mellon Corp owned 0.83% of Two Harbors Investment worth $10,622,000 as of its most recent filing with the Securities & Exchange Commission [[2]]. Additionally, several other institutional investors and hedge funds have also recently modified their holdings of the stock, such as Golden State Equity Partners, SG Americas Securities LLC, AE Wealth Management LLC, Teachers Retirement System of The State of Kentucky, and Nuveen Asset Management LLC [[2]].

Analyst Ratings

The article mentions that several analysts have commented on the stock of Two Harbors Investment Corp. Keefe, Bruyette & Woods raised their price objective on the stock from $14.00 to $17.00 and gave it a "market perform" rating [[3]]. StockNews.com lowered the stock from a "hold" rating to a "sell" rating [[3]]. JMP Securities raised their price objective on the stock from $12.50 to $15.00 and gave it a "market outperform" rating [[3]]. UBS Group assumed coverage on the stock and set a "neutral" rating with a $14.50 target price [[3]]. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.11 [[3]].

Insider Activity

The article mentions insider activity at Two Harbors Investment. Insider Robert Rush sold 3,443 shares of the stock in a transaction dated January 9th [[4]]. The shares were sold at an average price of $14.05, for a total value of $48,374.15 [[4]]. Following the sale, the insider now directly owns 78,433 shares of the company's stock, valued at approximately $1,101,983.65 [[4]]. In addition, CEO William Ross Greenberg sold 9,663 shares of the stock in a transaction that occurred on January 16th [[4]]. The shares were sold at an average price of $13.28, for a total transaction value of $128,324.64 [[4]]. Insiders own 0.45% of the company's stock [[4]].

Stock Performance and Dividend

Two Harbors Investment Corp. (NYSE: TWO) opened at $13.57 on Friday [[5]]. The company has a current ratio of 1.08 and a quick ratio of 1.08 [[5]]. It has a 12-month low of $9.83 and a 12-month high of $18.67 [[5]]. The company has a market cap of $1.31 billion, a PE ratio of -28.27, and a beta of 1.88 [[5]]. Two Harbors Investment last released its earnings results on October 30th, reporting ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.20) [[5]]. The firm had revenue of $123.61 million for the quarter [[5]]. The company is expected to post -3.15 earnings per share for the current year [[5]]. Two Harbors Investment recently declared a quarterly dividend, which will be paid on January 29th [[5]]. Investors of record on January 12th will be issued a $0.45 dividend [[5]]. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.26% [[5]]. The company's payout ratio is -374.99% [[5]].

I hope this information helps! Let me know if you have any further questions.

Bank of New York Mellon Corp Sells 24,556 Shares of Two Harbors Investment Corp. (NYSE:TWO) (2024)

FAQs

Is Two Harbors stock a good buy? ›

Two Harbors's analyst rating consensus is a Hold. This is based on the ratings of 6 Wall Streets Analysts.

Summary	Previous dividend	Next dividend
Type	Quarterly	Quarterly
Per share	45c	45c
Declaration date	18 Dec 2023 (Mon)	20 Mar 2024 (Wed)
Ex-div date	11 Jan 2024 (Thu)	03 Apr 2024 (Wed)

High	^$9.00
Median	^$7.63
Low	^$6.00
Average	^$7.62
Current Price	^$6.88

What is a Type 2 investor? ›

The E-2 Investor Visa allows an individual to enter and work in the United States based on an investment in a U.S. business. The E2 visa is valid for three months to five years (depending on the country of origin) and can be extended indefinitely.

Should I buy clean harbors stock? ›

The highest analyst price target is $235.00 ,the lowest forecast is $190.00. The average price target represents 2.09% Increase from the current price of $200.38. Clean Harbors's analyst rating consensus is a Strong Buy. This is based on the ratings of 9 Wall Streets Analysts.

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Dividends are typically issued quarterly but can also be disbursed monthly or annually. Distributions are announced in advance and determined by the company's board of directors. Companies pay dividends for a variety of reasons, most often to show their financial stability and to keep or attract investors.

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Key Takeaways. A dividend is usually a cash payment from earnings that companies pay to their investors. Dividends are typically paid on a quarterly basis, though some pay annually, and a small few pay monthly.

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What is the dividend on two harbors investments? ›

TWO pays a dividend of $0.45 per share. TWO's annual dividend yield is 16.41%. When is Two Harbors ex-dividend date? Two Harbors's upcoming ex-dividend date is on Apr 03, 2024.

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On the whole, we feel that the performance shown by Harbour Energy can be open to many interpretations. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth.

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