MML Investors Services LLC grew its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 25.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 335,767 shares of the real estate investment trust's stock after acquiring an additional 67,305 shares during the quarter. MML Investors Services LLC's holdings in AGNC Investment were worth $3,512,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Riverview Trust Co bought a new stake in AGNC Investment in the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of AGNC Investment in the 2nd quarter valued at $31,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment in the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. raised 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 buying an additional 1,255 shares during the period. Finally, Blue Trust Inc. lifted its holdings in AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 2,966 shares in the last quarter. 38.28% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on AGNC shares. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. StockNews.com downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Wells Fargo & Company upgraded shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $10.44.
Get Our Latest Stock Analysis on AGNC Investment
AGNC Investment Stock Up 0.4 %
AGNC stock traded up $0.04 during midday trading on Friday, hitting $9.58. The company's stock had a trading volume of 12,399,522 shares, compared to its average volume of 14,085,776. The company's fifty day moving average price is $9.79 and its 200 day moving average price is $9.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a twelve month low of $8.92 and a twelve month high of $10.85. The stock has a market capitalization of $8.48 billion, a P/E ratio of 6.65 and a beta of 1.47.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same period in the prior year, the firm posted $0.65 EPS. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.
AGNC Investment Announces Dividend
The business also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. This represents a dividend yield of 15.1%. The ex-dividend date of this dividend is Tuesday, December 31st. AGNC Investment's payout ratio is presently 100.00%.
AGNC Investment 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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