UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 115.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,912,694 shares of the real estate investment trust's stock after purchasing an additional 1,023,275 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of AGNC Investment worth $20,007,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust's stock worth $188,000 after acquiring an additional 1,012 shares during the last quarter. Paragon Capital Management Ltd grew its holdings in AGNC Investment by 3.6% during the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust's stock worth $321,000 after acquiring an additional 1,071 shares during the last quarter. Oak Thistle LLC grew its holdings in AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust's stock worth $256,000 after acquiring an additional 1,251 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 1,255 shares during the last quarter. Finally, Hollencrest Capital Management grew its holdings in AGNC Investment by 0.6% during the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust's stock worth $2,327,000 after acquiring an additional 1,290 shares during the last quarter. 38.28% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on AGNC shares. Wells Fargo & Company raised shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Royal Bank of Canada upped their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Finally, StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.
Get Our Latest Stock Report on AGNC
AGNC Investment Stock Up 1.7 %
Shares of AGNC Investment stock traded up $0.16 during trading on Friday, reaching $9.71. 15,302,207 shares of the company traded hands, compared to its average volume of 14,096,821. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a 1-year low of $8.87 and a 1-year high of $10.85. The company has a 50 day moving average price of $9.86 and a 200-day moving average price of $9.96. The firm has a market capitalization of $8.60 billion, a PE ratio of 6.74 and a beta of 1.47.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released 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). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the firm earned $0.65 EPS. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The firm also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be paid a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment's dividend payout ratio (DPR) is 100.00%.
AGNC Investment Company Profile
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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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