Raymond James Financial Inc. acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 4th quarter, according to its most recent 13F filing 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 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust's stock worth $70,796,000 after purchasing an additional 162,152 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of 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 purchasing an additional 9,639,675 shares during the period. Barclays PLC boosted its stake in shares of AGNC Investment by 4.8% during the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock worth $16,242,000 after purchasing an additional 71,330 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 242,640 shares during the period. Finally, Howard Financial Services LTD. boosted its position in AGNC Investment by 195.2% in the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust's stock valued at $496,000 after buying an additional 35,598 shares during the period. 38.28% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Frances Spark sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on AGNC shares. Royal Bank of Canada reissued an "outperform" rating and issued a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. StockNews.com raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a report on Monday, December 9th. Finally, Argus upgraded shares of AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.
Get Our Latest Analysis on AGNC
AGNC Investment Stock Up 2.0 %
Shares of NASDAQ AGNC traded up $0.20 during trading hours on Friday, hitting $10.24. 18,400,834 shares of the stock were exchanged, compared to its average volume of 16,014,018. 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 company has a market cap of $9.37 billion, a PE ratio of 10.56 and a beta of 1.50. The firm has a fifty day moving average price of $9.99 and a 200-day moving average price of $9.93. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 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%. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Dividend Announcement
The firm also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.12 dividend. This represents a dividend yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment's dividend payout ratio (DPR) is currently 148.45%.
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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