KCG Holdings Inc. Sells 10,600 Shares of Annaly Capital Management Inc (NYSE:NLY)

KCG Holdings Inc. lowered its position in Annaly Capital Management Inc (NYSE:NLY) by 27.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,957 shares of the real estate investment trust’s stock after selling 10,600 shares during the period. KCG Holdings Inc.’s holdings in Annaly Capital Management were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Tompkins Financial Corp purchased a new stake in shares of Annaly Capital Management during the first quarter valued at about $102,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Annaly Capital Management during the first quarter valued at about $113,000. Fisher Asset Management LLC increased its stake in shares of Annaly Capital Management by 0.8% in the first quarter. Fisher Asset Management LLC now owns 10,315 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 85 shares during the period. Cornerstone Wealth Management LLC acquired a new position in Annaly Capital Management during the first quarter valued at approximately $116,000. Finally, Sheets Smith Wealth Management acquired a new position in Annaly Capital Management during the first quarter valued at approximately $123,000. 52.97% of the stock is owned by hedge funds and other institutional investors.

Shares of Annaly Capital Management Inc (NLY) traded up 0.16% during trading on Friday, reaching $12.34. The company had a trading volume of 10,247,910 shares. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73. The stock has a 50 day moving average price of $12.11 and a 200 day moving average price of $11.57. The firm has a market capitalization of $13.43 billion, a PE ratio of 4.27 and a beta of 0.28.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The firm had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. During the same period last year, the company posted $0.29 EPS. On average, equities research analysts forecast that Annaly Capital Management Inc will post $1.20 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.72%. The ex-dividend date was Wednesday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 41.52%.

TRADEMARK VIOLATION NOTICE: This piece of content was published by [[site]] and is the property of of [[site]]. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at [[permalink]].

Several equities analysts have recently commented on the company. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.25 target price on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $11.41.

In other news, Director Francine J. Bovich bought 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of $12.29 per share, with a total value of $165,915.00. Following the transaction, the director now directly owns 13,500 shares of the company’s stock, valued at approximately $165,915. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donnell Segalas bought 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $12.09 per share, with a total value of $96,720.00. Following the completion of the transaction, the director now directly owns 84,150 shares in the company, valued at $1,017,373.50. The disclosure for this purchase can be found here. Over the last three months, insiders bought 39,200 shares of company stock valued at $477,513. Corporate insiders own 0.43% of the company’s stock.

About Annaly Capital Management

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.