Schwab Charles Investment Management Inc. Acquires 9,410 Shares of Arlington Asset Investment Corp (NYSE:AI)

Schwab Charles Investment Management Inc. increased its position in Arlington Asset Investment Corp (NYSE:AI) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 97,466 shares of the financial services provider’s stock after buying an additional 9,410 shares during the period. Schwab Charles Investment Management Inc. owned about 0.35% of Arlington Asset Investment worth $1,241,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AI. Advisor Group Inc. boosted its holdings in Arlington Asset Investment by 39.4% in the 2nd quarter. Advisor Group Inc. now owns 8,764 shares of the financial services provider’s stock worth $121,000 after buying an additional 2,475 shares during the period. SG Americas Securities LLC bought a new position in Arlington Asset Investment in the 3rd quarter worth $127,000. PNC Financial Services Group Inc. boosted its holdings in Arlington Asset Investment by 149.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock worth $142,000 after buying an additional 6,314 shares during the period. BlueCrest Capital Management Ltd boosted its holdings in Arlington Asset Investment by 78.0% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 18,511 shares of the financial services provider’s stock worth $253,000 after buying an additional 8,113 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Arlington Asset Investment by 9.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 20,167 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 1,793 shares in the last quarter. 39.62% of the stock is owned by institutional investors.

Shares of Arlington Asset Investment Corp (AI) traded up $0.04 during mid-day trading on Wednesday, reaching $10.93. 682,709 shares of the company’s stock traded hands, compared to its average volume of 611,484. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $306.45, a PE ratio of 18.84 and a beta of 0.83. Arlington Asset Investment Corp has a 1-year low of $9.90 and a 1-year high of $15.17.

Arlington Asset Investment (NYSE:AI) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.38. The firm had revenue of $15.66 million for the quarter, compared to analysts’ expectations of $18.14 million. Arlington Asset Investment had a net margin of 14.42% and a return on equity of 4.71%. research analysts forecast that Arlington Asset Investment Corp will post 1.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 20.13%. The ex-dividend date of this dividend was Thursday, December 28th. Arlington Asset Investment’s dividend payout ratio is 379.31%.

Several analysts have commented on the stock. B. Riley decreased their price target on shares of Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Arlington Asset Investment from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research note on Monday, January 15th. ValuEngine upgraded shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, FBR & Co reiterated a “hold” rating and issued a $13.00 price target on shares of Arlington Asset Investment in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.45.

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About Arlington Asset Investment

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 (NYSE:AI)

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