Janney Montgomery Scott LLC bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 193,639 shares of the real estate investment trust's stock, valued at approximately $2,025,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in AGNC Investment in the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new position in AGNC Investment in the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. increased its stake in AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 1,255 shares during the last quarter. Blue Trust Inc. increased its stake in AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 2,966 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in AGNC Investment in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 38.28% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on AGNC shares. Royal Bank of Canada increased their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Maxim Group lowered shares of AGNC Investment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Finally, Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AGNC Investment currently has an average rating of "Moderate Buy" and an average price target of $10.33.
View Our Latest Stock Analysis on AGNC
AGNC Investment Stock Performance
Shares of NASDAQ AGNC traded up $0.05 during mid-day trading on Wednesday, hitting $9.52. 16,782,076 shares of the company were exchanged, compared to its average volume of 14,093,575. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $9.95. AGNC Investment Corp. has a 1-year low of $8.57 and a 1-year high of $10.85. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 6.61 and a beta of 1.47.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly 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). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period in the prior year, the business earned $0.65 earnings per share. On average, sell-side analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.
AGNC Investment Dividend Announcement
The firm 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 $0.12 dividend. This represents a yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment's dividend payout ratio (DPR) is currently 100.00%.
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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