International Assets Investment Management LLC lifted its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 945.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,072,039 shares of the real estate investment trust's stock after buying an additional 969,475 shares during the quarter. International Assets Investment Management LLC owned approximately 0.15% of AGNC Investment worth $102,489,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its position in shares of AGNC Investment by 5.4% during the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust's stock worth $188,000 after purchasing an additional 1,012 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in AGNC Investment by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust's stock valued at $167,000 after buying an additional 1,059 shares during the period. Paragon Capital Management Ltd boosted its position in AGNC Investment by 3.6% in the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust's stock valued at $321,000 after buying an additional 1,071 shares during the period. Highlander Capital Management LLC grew its stake in shares of AGNC Investment by 8.1% in the first quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust's stock worth $158,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Oak Thistle LLC increased its position in shares of AGNC Investment by 4.9% during the second quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust's stock worth $256,000 after acquiring an additional 1,251 shares during the period. Institutional investors and hedge funds own 38.28% of the company's stock.
Insider Buying and Selling
In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.
Analyst Ratings Changes
Several brokerages have weighed in on AGNC. Compass Point increased their price target on AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a research report 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 downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Maxim Group cut shares of AGNC Investment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods increased their target price on AGNC Investment from $10.00 to $10.25 and gave the company an "outperform" rating in a 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 stock. According to data from MarketBeat, AGNC Investment currently has an average rating of "Moderate Buy" and an average target price of $10.33.
Check Out Our Latest Stock Analysis on AGNC
AGNC Investment Stock Performance
Shares of AGNC stock traded down $0.01 during mid-day trading on Friday, hitting $9.93. 16,428,250 shares of the stock were exchanged, compared to its average volume of 13,285,273. The stock's fifty day simple moving average is $10.30 and its two-hundred day simple moving average is $9.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. AGNC Investment Corp. has a 12-month low of $6.81 and a 12-month high of $10.85. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 10.91 and a beta of 1.47.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly 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 return on equity of 26.21% and a net margin of 16.15%. The firm had revenue of $756.00 million for the quarter, compared to analysts' expectations of $219.50 million. During the same quarter in the prior year, the business earned $0.65 EPS. On average, analysts forecast that AGNC Investment Corp. will post 2.11 EPS for the current year.
AGNC Investment Announces Dividend
The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 14%. AGNC Investment's dividend payout ratio (DPR) is 158.24%.
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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