Strategic Financial Concepts LLC grew its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 775.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 581,569 shares of the real estate investment trust's stock after purchasing an additional 515,148 shares during the period. Strategic Financial Concepts LLC owned approximately 0.07% of AGNC Investment worth $54,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock worth $151,113,000 after acquiring an additional 9,639,675 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AGNC Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust's stock worth $128,730,000 after acquiring an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of AGNC Investment by 2.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust's stock worth $86,169,000 after acquiring an additional 189,444 shares during the last quarter. Equity Investment Corp lifted its holdings in shares of AGNC Investment by 2.1% during the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust's stock worth $76,088,000 after acquiring an additional 149,775 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust's stock worth $70,796,000 after acquiring an additional 162,152 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on AGNC. StockNews.com downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Keefe, Bruyette & Woods lowered their price target on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. Finally, JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $10.50.
Get Our Latest Report on AGNC
AGNC Investment Stock Performance
Shares of AGNC Investment stock traded up $0.11 on Friday, hitting $10.43. 19,562,474 shares of the company's stock were exchanged, compared to its average volume of 19,267,572. The company has a 50-day simple moving average of $9.63 and a 200-day simple moving average of $9.89. The stock has a market capitalization of $9.24 billion, a PE ratio of 10.75 and a beta of 1.48. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. As a group, equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Announces Dividend
The business also recently declared a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 13.8%. AGNC Investment's dividend payout ratio is currently 148.45%.
Insider Buying and Selling at AGNC Investment
In other news, CFO Bernice Bell sold 13,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frances Spark sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.
AGNC Investment Profile
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Free Report)
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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