Axa S.A. Has $1.31 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Axa S.A. increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,716 shares of the real estate investment trust’s stock after purchasing an additional 7,315 shares during the period. Axa S.A.’s holdings in Annaly Capital Management were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC lifted its stake in Annaly Capital Management by 3.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 77,654 shares of the real estate investment trust’s stock valued at $1,493,000 after acquiring an additional 2,683 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Annaly Capital Management by 60.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 95,913 shares of the real estate investment trust’s stock valued at $1,828,000 after purchasing an additional 36,266 shares during the last quarter. Xponance Inc. lifted its position in shares of Annaly Capital Management by 0.9% in the second quarter. Xponance Inc. now owns 84,057 shares of the real estate investment trust’s stock worth $1,602,000 after purchasing an additional 729 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Annaly Capital Management by 38.3% during the second quarter. Evergreen Capital Management LLC now owns 16,778 shares of the real estate investment trust’s stock worth $331,000 after purchasing an additional 4,644 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in Annaly Capital Management during the second quarter worth $478,000. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

NLY has been the topic of several recent research reports. Compass Point lifted their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $23.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus price target of $21.38.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Annaly Capital Management Trading Down 2.1 %

Shares of NYSE NLY opened at $19.65 on Wednesday. The company has a market capitalization of $9.83 billion, a P/E ratio of -20.25 and a beta of 1.52. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.11. The stock has a 50 day moving average of $20.12 and a 200-day moving average of $19.72.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period in the previous year, the business posted $0.72 earnings per share. Analysts predict that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.23%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.