Thrivent Financial for Lutherans Buys 676,259 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Thrivent Financial for Lutherans boosted its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 3,409.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 696,095 shares of the real estate investment trust's stock after acquiring an additional 676,259 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of AGNC Investment worth $7,281,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust's stock valued at $650,781,000 after acquiring an additional 2,368,658 shares during the period. CreativeOne Wealth LLC bought a new position in AGNC Investment during the 1st quarter valued at about $135,000. 1832 Asset Management L.P. acquired a new position in AGNC Investment in the first quarter valued at about $7,920,000. LRI Investments LLC bought a new stake in AGNC Investment during the first quarter worth about $38,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of AGNC Investment by 9.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 351,975 shares of the real estate investment trust's stock worth $3,485,000 after buying an additional 30,647 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Trading Up 0.4 %

NASDAQ:AGNC traded up $0.04 during mid-day trading on Friday, hitting $9.74. The company had a trading volume of 12,423,523 shares, compared to its average volume of 22,367,872. The firm has a market cap of $8.63 billion, a P/E ratio of 6.76 and a beta of 1.47. AGNC Investment Corp. has a fifty-two week low of $8.57 and a fifty-two week high of $10.85. The business's fifty day moving average is $10.04 and its two-hundred day moving average is $9.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The business had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, research analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, November 29th. AGNC Investment's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Wells Fargo & Company upgraded shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Finally, Royal Bank of Canada raised their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.33.

AGNC Investment 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).