Cannon Global Investment Management LLC lessened its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 41.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,500 shares of the real estate investment trust's stock after selling 62,500 shares during the quarter. AGNC Investment accounts for approximately 1.7% of Cannon Global Investment Management LLC's portfolio, making the stock its 15th largest position. Cannon Global Investment Management LLC's holdings in AGNC Investment were worth $806,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of AGNC Investment by 14.1% in the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock valued at $767,348,000 after purchasing an additional 10,316,999 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $128,730,000 after acquiring an additional 242,640 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust's stock worth $80,392,000 after acquiring an additional 424,990 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of AGNC Investment by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock worth $67,690,000 after acquiring an additional 581,352 shares in the last quarter. Finally, PL Capital Advisors LLC raised its holdings in shares of AGNC Investment by 821.0% in the fourth quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust's stock valued at $50,332,000 after purchasing an additional 4,871,584 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.
AGNC Investment Price Performance
Shares of NASDAQ AGNC remained flat at $9.76 during trading on Thursday. The stock had a trading volume of 25,492,944 shares, compared to its average volume of 16,474,042. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $8.93 billion, a PE ratio of 10.06 and a beta of 1.50. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The firm has a 50-day moving average of $10.14 and a 200-day moving average of $9.92.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released 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%. Analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.
AGNC Investment Announces Dividend
The firm also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a $0.12 dividend. This represents a yield of 14.1%. The ex-dividend date of this dividend is Monday, March 31st. AGNC Investment's dividend payout ratio (DPR) is presently 148.45%.
Insider Activity at AGNC Investment
In other news, CFO Bernice Bell sold 13,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Spark sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now directly owns 75,919 shares of the company's stock, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research analysts recently weighed in on AGNC shares. StockNews.com upgraded shares of AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company reduced their target price on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Argus upgraded AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.
Get Our Latest Stock Report on AGNC
AGNC Investment Company Profile
(
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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