Envestnet Asset Management Inc. Has $23.78 Million Holdings in Annaly Capital Management Inc $NLY

Core Insights - Envestnet Asset Management Inc. increased its stake in Annaly Capital Management by 8.8% in Q3, owning 1,176,685 shares valued at approximately $23.78 million [2] - Other institutional investors also raised their positions in Annaly Capital Management, with Hantz Financial Services increasing its holdings by 138.3% [3] Institutional Investment Activity - Envestnet Asset Management Inc. now holds 1,176,685 shares after acquiring an additional 95,201 shares [2] - Hantz Financial Services Inc. raised its stake by 138.3%, owning 9,659 shares valued at $195,000 after purchasing 5,606 shares [3] - Penserra Capital Management LLC increased its position by 3.0%, now owning 82,064 shares worth $1.66 million [3] - Allianz Asset Management GmbH lifted its stake by 3.3%, owning 630,917 shares valued at $12.75 million [3] - American Assets Capital Advisers LLC increased its stake by 14.9%, now holding 27,373 shares worth $553,000 [3] - Mission Wealth Management LP acquired a new stake worth about $217,000 [3] - 51.56% of Annaly Capital Management's stock is owned by hedge funds and institutional investors [3] Stock Performance - Annaly Capital Management's stock opened at $23.06, with a market cap of $15.75 billion and a P/E ratio of 8.29 [4] - The stock has a 50-day moving average price of $23.08 and a 200-day moving average price of $21.92 [4] - The twelve-month low and high for the stock are $16.59 and $24.52, respectively [4] Financial Performance - Annaly Capital Management reported an EPS of $0.74 for the last quarter, exceeding analysts' estimates of $0.72 by $0.02 [5] - The company generated revenue of $1.06 billion, significantly higher than the estimated $567.67 million [5] - The net margin was 34.02%, and the return on equity was 15.80% [5] - Analysts project an EPS of 2.81 for the current fiscal year [5] Dividend Information - Annaly Capital Management declared a quarterly dividend of $0.70 per share, representing an annualized dividend of $2.80 and a yield of 12.1% [6] - The dividend payout ratio is 100.72% [6] Analyst Ratings - Royal Bank Of Canada raised its target price for Annaly Capital Management from $23.00 to $25.00, rating it "outperform" [7] - Piper Sandler reiterated an "overweight" rating with a price objective of $25.00 [7] - Wells Fargo & Company also set a target price of $25.00, maintaining an "overweight" rating [7] - Keefe, Bruyette & Woods increased their price target from $23.25 to $25.00, rating it "outperform" [7] - JPMorgan Chase & Co. raised their price objective from $21.00 to $22.00, giving it an "overweight" rating [7] - The average rating for the stock is "Moderate Buy" with a consensus target price of $24.11 [7] Company Overview - Annaly Capital Management, Inc. is a publicly traded REIT focused on generating income through investments in mortgage-related assets [8] - The company engages in acquiring, financing, and managing a diversified portfolio of agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, and other real estate debt instruments [8] - Founded in 1997 and headquartered in New York City, Annaly is one of the largest mortgage REITs in the U.S. [9]