Charles Schwab Investment Management Inc. increased its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,768,305 shares of the real estate investment trust's stock after purchasing an additional 162,152 shares during the period. Charles Schwab Investment Management Inc. owned 0.76% of AGNC Investment worth $70,796,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Riverview Trust Co purchased a new stake in AGNC Investment in the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in AGNC Investment in the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. boosted its stake in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 1,255 shares during the period. Blue Trust Inc. grew its position in AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 2,966 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in AGNC Investment in the first quarter valued at $38,000. 38.28% of the stock is owned by hedge funds and other institutional investors.
AGNC Investment Price Performance
Shares of NASDAQ:AGNC traded down $0.10 during trading on Friday, hitting $9.66. 9,931,620 shares of the stock were exchanged, compared to its average volume of 14,103,866. AGNC Investment Corp. has a 12-month low of $8.79 and a 12-month high of $10.85. The company has a market cap of $8.56 billion, a PE ratio of 6.70 and a beta of 1.47. The company has a fifty day moving average price of $9.96 and a two-hundred day moving average price of $9.97. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The firm had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period last year, the company posted $0.65 EPS. On average, analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.
AGNC Investment Announces Dividend
The firm also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment's dividend payout ratio (DPR) is presently 100.00%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on AGNC shares. Royal Bank of Canada raised their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com downgraded AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $10.33.
View Our Latest Stock Report on AGNC
AGNC Investment Company 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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