Raymond James Financial Inc. Acquires New Position in AGNC Investment Corp. (NASDAQ:AGNC)

Raymond James Financial Inc. acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,325,771 shares of the real estate investment trust's stock, valued at approximately $39,840,000. Raymond James Financial Inc. owned 0.49% of AGNC Investment as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in AGNC. Vaughan Nelson Investment Management L.P. lifted its holdings in AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock worth $151,113,000 after buying an additional 9,639,675 shares in the last quarter. Geode Capital Management LLC lifted its holdings in AGNC Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust's stock worth $128,730,000 after buying an additional 242,640 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in AGNC Investment by 5.2% during the 4th 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 buying an additional 424,990 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in AGNC Investment by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock worth $67,690,000 after buying an additional 581,352 shares in the last quarter. Finally, Equity Investment Corp lifted its holdings in AGNC Investment by 2.1% during the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust's stock worth $76,088,000 after buying an additional 149,775 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced 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. Royal Bank of Canada restated an "outperform" rating and issued a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $10.50.

AGNC Investment Stock Up 2.0 %

NASDAQ:AGNC traded up $0.20 during midday trading on Friday, hitting $10.24. 18,400,834 shares of the company were exchanged, compared to its average volume of 16,014,018. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.37 billion, a PE ratio of 10.56 and a beta of 1.50. The company has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $9.93.

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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, equities analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a dividend of $0.12 per share. This represents a yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment's payout ratio is currently 148.45%.

Insiders Place Their Bets

In other news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares of the company's stock, valued at $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

About AGNC Investment

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).