Arlington Asset Investment Corp (AI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Arlington Asset Investment Corp (NYSE:AI) by 12.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 73,025 shares of the financial services provider’s stock after selling 10,825 shares during the period. JPMorgan Chase & Co.’s holdings in Arlington Asset Investment were worth $931,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in Arlington Asset Investment by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock worth $1,204,000 after purchasing an additional 532 shares in the last quarter. Rhumbline Advisers boosted its holdings in Arlington Asset Investment by 8.1% in the second quarter. Rhumbline Advisers now owns 27,639 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 2,070 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Arlington Asset Investment by 7.8% in the second quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock worth $1,706,000 after purchasing an additional 9,000 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Arlington Asset Investment by 1.5% in the second quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock worth $1,804,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Arlington Asset Investment by 79.2% in the second quarter. Alliancebernstein L.P. now owns 27,600 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 12,200 shares in the last quarter. Institutional investors and hedge funds own 37.76% of the company’s stock.

AI has been the subject of a number of recent research reports. ValuEngine upgraded shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. FBR & Co reiterated a “hold” rating and issued a $13.00 price objective on shares of Arlington Asset Investment in a report on Friday, October 27th. Finally, Zacks Investment Research cut shares of Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.75.

Shares of Arlington Asset Investment Corp (NYSE AI) opened at $11.91 on Friday. Arlington Asset Investment Corp has a fifty-two week low of $10.93 and a fifty-two week high of $15.51. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.19.

Arlington Asset Investment (NYSE:AI) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.15. The firm had revenue of $14.87 million during the quarter, compared to analyst estimates of $20.17 million. Arlington Asset Investment had a negative net margin of 27.20% and a negative return on equity of 8.36%. analysts forecast that Arlington Asset Investment Corp will post 0.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 18.47%. The ex-dividend date of this dividend is Thursday, December 28th. Arlington Asset Investment’s dividend payout ratio is -150.68%.

In other news, CFO Richard Ernst Konzmann bought 4,000 shares of the business’s stock in a transaction on Friday, October 27th. The stock was purchased at an average price of $11.34 per share, with a total value of $45,360.00. Following the transaction, the chief financial officer now directly owns 11,457 shares in the company, valued at $129,922.38. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ralph S. Michael III bought 5,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $11.66 per share, with a total value of $58,300.00. Following the transaction, the director now owns 7,325 shares in the company, valued at $85,409.50. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 14,000 shares of company stock valued at $158,660. Company insiders own 5.90% of the company’s stock.

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Arlington Asset Investment Company Profile

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).

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

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