Wells Fargo & Company MN Trims Position in Arlington Asset Investment Corp (AI)

Wells Fargo & Company MN cut its stake in Arlington Asset Investment Corp (NYSE:AI) by 80.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,157 shares of the financial services provider’s stock after selling 123,836 shares during the period. Wells Fargo & Company MN owned about 0.12% of Arlington Asset Investment Corp worth $398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AI. Vanguard Group Inc. raised its holdings in shares of Arlington Asset Investment Corp by 12.1% in the first quarter. Vanguard Group Inc. now owns 1,093,596 shares of the financial services provider’s stock valued at $15,453,000 after buying an additional 118,288 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Arlington Asset Investment Corp by 14.3% in the first quarter. Geode Capital Management LLC now owns 185,793 shares of the financial services provider’s stock valued at $2,625,000 after buying an additional 23,312 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Arlington Asset Investment Corp by 1.5% in the second quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock valued at $1,804,000 after buying an additional 2,000 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Arlington Asset Investment Corp by 7.8% in the second quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock valued at $1,706,000 after buying an additional 9,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Arlington Asset Investment Corp by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 532 shares during the last quarter. 38.08% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Richard Ernst Konzmann acquired 4,000 shares of Arlington Asset Investment Corp stock in a transaction that occurred on Friday, October 27th. The shares were acquired at an average price of $11.34 per share, with a total value of $45,360.00. Following the completion of the purchase, the chief financial officer now owns 11,457 shares of the company’s stock, valued at approximately $129,922.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO J Rock Tonkel, Jr. acquired 5,000 shares of Arlington Asset Investment Corp stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average cost of $11.00 per share, for a total transaction of $55,000.00. Following the purchase, the chief executive officer now directly owns 327,132 shares of the company’s stock, valued at approximately $3,598,452. The disclosure for this purchase can be found here. Insiders have purchased 14,000 shares of company stock worth $158,660 in the last three months. Insiders own 5.90% of the company’s stock.

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A number of equities research analysts have recently commented on AI shares. Zacks Investment Research cut shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Maxim Group reiterated a “buy” rating and set a $14.00 price target (down from $16.00) on shares of Arlington Asset Investment Corp in a research note on Monday, July 24th. ValuEngine lowered shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Singular Research began coverage on shares of Arlington Asset Investment Corp in a research note on Tuesday, August 1st. They set a “buy” rating and a $14.25 price target on the stock. Finally, BidaskClub upgraded shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.75.

Shares of Arlington Asset Investment Corp (NYSE AI) opened at $11.32 on Wednesday. Arlington Asset Investment Corp has a 1 year low of $10.93 and a 1 year high of $17.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.05 and a current ratio of 0.05.

Arlington Asset Investment Corp (NYSE:AI) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.37 by $0.15. The business had revenue of $14.87 million for the quarter, compared to analyst estimates of $20.17 million. Arlington Asset Investment Corp had a negative net margin of 27.20% and a negative return on equity of 8.36%.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 19.43%. The ex-dividend date of this dividend was Thursday, September 28th. Arlington Asset Investment Corp’s payout ratio is -150.68%.

About Arlington Asset Investment Corp

Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Institutional Ownership by Quarter for Arlington Asset Investment Corp (NYSE:AI)

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