American Financial Group Inc. continued to hold its position in shares of Annaly Capital Management Inc. (NYSE:NLY) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,260 shares of the company’s stock at the end of the third quarter. American Financial Group Inc.’s holdings in Annaly Capital Management were worth $1,557,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in NLY. Wedbush Securities Inc. raised its position in shares of Annaly Capital Management by 6.6% in the third quarter. Wedbush Securities Inc. now owns 130,627 shares of the company’s stock worth $1,372,000 after buying an additional 8,116 shares during the last quarter. Ngam Advisors L.P. raised its position in shares of Annaly Capital Management by 9.6% in the third quarter. Ngam Advisors L.P. now owns 124,570 shares of the company’s stock valued at $1,308,000 after buying an additional 10,862 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Annaly Capital Management by 59.1% in the third quarter. Global X Management Co. LLC now owns 2,168,697 shares of the company’s stock valued at $22,771,000 after buying an additional 805,681 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Annaly Capital Management by 64.1% in the third quarter. Pzena Investment Management LLC now owns 20,355 shares of the company’s stock valued at $214,000 after buying an additional 7,953 shares in the last quarter. Finally, United Asset Strategies Inc. raised its position in shares of Annaly Capital Management by 18.2% in the third quarter. United Asset Strategies Inc. now owns 72,774 shares of the company’s stock valued at $764,000 after buying an additional 11,228 shares in the last quarter. Institutional investors own 54.67% of the company’s stock.

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

Shares of Annaly Capital Management Inc. (NYSE:NLY) traded up 1.47% during midday trading on Tuesday, hitting $10.37. 4,561,509 shares of the stock traded hands. The firm has a 50-day moving average price of $10.16 and a 200-day moving average price of $10.62. Annaly Capital Management Inc. has a 52 week low of $8.25 and a 52 week high of $11.29. The stock has a market capitalization of $10.57 billion, a P/E ratio of 55.75 and a beta of 0.23.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, November 2nd. The company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. Annaly Capital Management had a net margin of 15.41% and a return on equity of 10.78%. During the same quarter last year, the business posted $0.21 EPS. On average, equities analysts predict that Annaly Capital Management Inc. will post $1.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were issued a dividend of $0.2641 per share. This represents a $1.06 dividend on an annualized basis and a yield of 10.19%. The ex-dividend date was Wednesday, September 28th. Annaly Capital Management’s payout ratio is 963.64%.

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NLY has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, October 12th. Keefe, Bruyette & Woods increased their price objective on shares of Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a report on Monday, August 8th. Credit Suisse Group AG set a $12.00 price objective on shares of Annaly Capital Management and gave the company a “hold” rating in a report on Friday, November 11th. JPMorgan Chase & Co. restated a “hold” rating and issued a $11.00 price objective on shares of Annaly Capital Management in a report on Friday, August 5th. Finally, Bank of America Corp. restated a “hold” rating and issued a $11.00 price objective on shares of Annaly Capital Management in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.06.

In other Annaly Capital Management news, insider Timothy P. Coffey bought 30,000 shares of Annaly Capital Management stock in a transaction on Wednesday, November 9th. The shares were purchased at an average cost of $10.15 per share, with a total value of $304,500.00. Following the acquisition, the insider now directly owns 38,000 shares of the company’s stock, valued at approximately $385,700. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David L. Finkelstein bought 100,000 shares of Annaly Capital Management stock in a transaction on Friday, November 4th. The shares were acquired at an average cost of $10.30 per share, for a total transaction of $1,030,000.00. Following the completion of the acquisition, the insider now directly owns 200,000 shares in the company, valued at $2,060,000. The disclosure for this purchase can be found here. Company insiders own 0.47% of the company’s stock.

About Annaly Capital Management

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

5 Day Chart for NYSE:NLY

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