State Street Corp Has $134.39 Million Stake in AGNC Investment Corp. (NASDAQ:AGNC)

State Street Corp trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,704,006 shares of the real estate investment trust's stock after selling 1,040,456 shares during the period. State Street Corp owned about 1.43% of AGNC Investment worth $134,388,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AGNC. Vaughan Nelson Investment Management L.P. boosted its position in AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock valued at $151,113,000 after purchasing an additional 9,639,675 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in AGNC Investment by 2.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust's stock valued at $86,169,000 after acquiring an additional 189,444 shares during the last quarter. Equity Investment Corp grew its holdings in AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust's stock worth $76,088,000 after purchasing an additional 149,775 shares during the period. 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 acquiring an additional 162,152 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of AGNC Investment by 1.0% in the second quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust's stock valued at $50,722,000 after purchasing an additional 54,153 shares during the last quarter. Institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

NASDAQ AGNC traded up $0.04 during midday trading on Friday, hitting $9.58. The company had a trading volume of 12,399,522 shares, compared to its average volume of 14,085,776. The firm has a 50-day moving average price of $9.79 and a 200-day moving average price of $9.96. The company has a market capitalization of $8.48 billion, a PE ratio of 6.65 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a twelve month low of $8.92 and a twelve month high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 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 analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period last year, the firm earned $0.65 EPS. As a group, analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a dec 24 dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 15.1%. AGNC Investment's dividend payout ratio is 100.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGNC. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a report on Monday, December 9th. Finally, StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.44.

AGNC Investment Company Profile

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).