AGNC Investment Corp. (NASDAQ:AGNC) Shares Purchased by AIA Group Ltd

AIA Group Ltd lifted its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 289.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,554 shares of the real estate investment trust's stock after acquiring an additional 105,167 shares during the period. AIA Group Ltd's holdings in AGNC Investment were worth $1,481,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AGNC. Vanguard Group Inc. increased its position in AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust's stock valued at $650,781,000 after buying an additional 2,368,658 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in 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 valued at $86,169,000 after purchasing an additional 189,444 shares during the last quarter. Equity Investment Corp grew its stake in AGNC Investment by 3.7% during the 2nd quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust's stock valued at $67,967,000 after purchasing an additional 253,821 shares during the last quarter. Victory Capital Management Inc. grew its stake in AGNC Investment by 1.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust's stock valued at $50,722,000 after purchasing an additional 54,153 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in AGNC Investment by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust's stock valued at $45,860,000 after purchasing an additional 290,720 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on AGNC shares. JPMorgan Chase & Co. boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, July 16th. Wells Fargo & Company upgraded AGNC Investment from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Keefe, Bruyette & Woods upped their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Royal Bank of Canada upped their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Finally, Compass Point upped their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $10.33.

AGNC Investment Price Performance

Shares of AGNC Investment stock traded up $0.14 during mid-day trading on Friday, reaching $9.66. 20,584,144 shares of the stock traded hands, compared to its average volume of 14,050,431. The business has a 50-day moving average of $10.15 and a 200 day moving average of $9.95. AGNC Investment Corp. has a fifty-two week low of $8.22 and a fifty-two week high of $10.85. The stock has a market capitalization of $8.56 billion, a PE ratio of 6.71 and a beta of 1.47. The company has a quick ratio of 0.27, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period in the previous year, the company earned $0.65 EPS. On average, analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. AGNC Investment's payout ratio is currently 100.00%.

AGNC Investment Profile

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).