Bank of New York Mellon Corp Buys 64,052 Shares of Arlington Asset Investment Corp (AI)

Bank of New York Mellon Corp boosted its stake in shares of Arlington Asset Investment Corp (NYSE:AI) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 365,213 shares of the financial services provider’s stock after acquiring an additional 64,052 shares during the quarter. Bank of New York Mellon Corp owned 1.20% of Arlington Asset Investment worth $2,645,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Creative Planning boosted its stake in Arlington Asset Investment by 9.8% during the fourth quarter. Creative Planning now owns 27,882 shares of the financial services provider’s stock worth $202,000 after buying an additional 2,487 shares during the last quarter. BB&T Securities LLC increased its stake in Arlington Asset Investment by 36.7% in the 4th quarter. BB&T Securities LLC now owns 16,400 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 4,400 shares in the last quarter. Teachers Advisors LLC grew its holdings in Arlington Asset Investment by 12.0% during the 3rd quarter. Teachers Advisors LLC now owns 67,990 shares of the financial services provider’s stock valued at $635,000 after buying an additional 7,261 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in Arlington Asset Investment by 75.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 17,605 shares of the financial services provider’s stock valued at $164,000 after buying an additional 7,549 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Arlington Asset Investment by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 90,099 shares of the financial services provider’s stock valued at $841,000 after buying an additional 7,809 shares during the last quarter. Institutional investors own 46.07% of the company’s stock.

A number of brokerages have commented on AI. ValuEngine cut Arlington Asset Investment from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Zacks Investment Research raised Arlington Asset Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. Finally, Maxim Group reissued a “hold” rating on shares of Arlington Asset Investment in a research report on Tuesday, February 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.25.

Shares of NYSE AI opened at $7.58 on Friday. Arlington Asset Investment Corp has a 1 year low of $6.92 and a 1 year high of $11.79. The stock has a market cap of $231.74 million, a PE ratio of 3.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.03 and a current ratio of 0.03.

Arlington Asset Investment (NYSE:AI) last announced its earnings results on Tuesday, February 19th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.26. Arlington Asset Investment had a negative return on equity of 11.10% and a negative net margin of 70.10%. The business had revenue of $10.62 million for the quarter. Equities research analysts anticipate that Arlington Asset Investment Corp will post 1.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.50 annualized dividend and a yield of 19.79%. Arlington Asset Investment’s payout ratio is 72.82%.

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Arlington Asset Investment Profile

Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.

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

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