GraniteShares Advisors LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 268,168 shares of the real estate investment trust's stock, valued at approximately $2,470,000. AGNC Investment accounts for approximately 1.6% of GraniteShares Advisors LLC's holdings, making the stock its 21st biggest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of AGNC Investment by 200.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock valued at $151,113,000 after buying an additional 9,639,675 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AGNC Investment by 2.0% in the third 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. Allspring Global Investments Holdings LLC boosted its holdings in AGNC Investment by 5.2% during the fourth 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 purchasing an additional 424,990 shares during the last quarter. Equity Investment Corp boosted its holdings in AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust's stock worth $76,088,000 after purchasing an additional 149,775 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in AGNC Investment by 2.5% during the third 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 purchasing an additional 162,152 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.
Insider Activity
In related news, Director Frances Spark sold 5,000 shares of the firm's stock in a transaction dated 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 trade represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, 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. Insiders own 0.52% of the company's stock.
Analyst Upgrades and Downgrades
AGNC has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a report on Monday, December 9th. Argus upgraded shares of AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $10.50.
Check Out Our Latest Analysis on AGNC
AGNC Investment Stock Performance
Shares of AGNC traded up $0.01 during trading hours on Friday, hitting $10.43. The company had a trading volume of 21,993,215 shares, compared to its average volume of 20,264,531. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 10.75 and a beta of 1.48. The business has a fifty day moving average of $9.80 and a 200-day moving average of $9.92. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share 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%. Equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.
AGNC Investment Announces Dividend
The business also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be given a $0.12 dividend. This represents a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th. AGNC Investment's payout ratio is presently 148.45%.
About AGNC Investment
(
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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