Cinctive Capital Management LP increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 467,844 shares of the real estate investment trust's stock after buying an additional 52,969 shares during the quarter. Cinctive Capital Management LP owned about 0.05% of AGNC Investment worth $4,309,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC increased its position in AGNC Investment by 4.8% during the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock worth $16,242,000 after purchasing an additional 71,330 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AGNC Investment by 2.0% in 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 buying an additional 242,640 shares during the period. Howard Financial Services LTD. increased its holdings in shares of AGNC Investment by 195.2% during the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust's stock worth $496,000 after buying an additional 35,598 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AGNC Investment by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock valued at $67,690,000 after buying an additional 581,352 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in AGNC Investment by 35.8% in the third quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust's stock valued at $6,060,000 after acquiring an additional 154,029 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Argus upgraded AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a report on Monday, December 9th. StockNews.com raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.50.
Get Our Latest Research Report on AGNC Investment
AGNC Investment Stock Down 3.9 %
NASDAQ:AGNC traded down $0.36 during midday trading on Friday, reaching $8.98. The company had a trading volume of 49,508,244 shares, compared to its average volume of 17,110,853. AGNC Investment Corp. has a 12-month low of $8.91 and a 12-month high of $10.85. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 9.26 and a beta of 1.32. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock's fifty day simple moving average is $10.12 and its 200-day simple moving average is $9.90.
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 earnings per share (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%. On average, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The company also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a $0.12 dividend. This represents a dividend yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment's dividend payout ratio is presently 148.45%.
Insider Activity
In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.
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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