J.W. Cole Advisors Inc. boosted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 112.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,749 shares of the real estate investment trust's stock after acquiring an additional 57,089 shares during the period. J.W. Cole Advisors Inc.'s holdings in AGNC Investment were worth $1,127,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of AGNC. PNC Financial Services Group Inc. raised its position in shares of AGNC Investment by 43.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,021 shares of the real estate investment trust's stock worth $206,000 after acquiring an additional 6,369 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in AGNC Investment by 39.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 52,295 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 14,898 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of AGNC Investment during the 1st quarter worth approximately $141,000. Allspring Global Investments Holdings LLC grew its holdings in shares of AGNC Investment by 4.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,015,707 shares of the real estate investment trust's stock worth $79,355,000 after purchasing an additional 332,709 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in AGNC Investment by 21.8% during the 1st quarter. SeaCrest Wealth Management LLC now owns 41,680 shares of the real estate investment trust's stock worth $413,000 after buying an additional 7,460 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on AGNC shares. Keefe, Bruyette & Woods increased their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Royal Bank of Canada boosted their target price on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Friday, August 16th. Finally, Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $10.00 to $12.00 in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.
Check Out Our Latest Report on AGNC
AGNC Investment Price Performance
Shares of NASDAQ:AGNC traded up $0.07 on Wednesday, reaching $9.61. 25,408,777 shares of the company were exchanged, compared to its average volume of 13,714,153. The company has a 50-day moving average of $10.28 and a 200-day moving average of $9.94. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 6.67 and a beta of 1.47. AGNC Investment Corp. has a 1-year low of $7.08 and a 1-year high of $10.85.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued 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). The company had revenue of $756.00 million during the quarter, compared to analysts' expectations of $219.50 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. During the same period last year, the business posted $0.65 earnings per share. Equities analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.
AGNC Investment Announces Dividend
The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a yield of 14%. The ex-dividend date of this dividend is Thursday, October 31st. AGNC Investment's payout ratio is currently 100.00%.
Insider Buying and Selling at AGNC Investment
In related news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the sale, the chief financial officer now owns 298,182 shares of the company's stock, valued at $3,002,692.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.43% of the company's stock.
AGNC Investment Company Profile
(
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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