US Bancorp DE Acquires 176,301 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

US Bancorp DE grew its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 279.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,493 shares of the real estate investment trust's stock after acquiring an additional 176,301 shares during the quarter. US Bancorp DE's holdings in AGNC Investment were worth $2,505,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AGNC. Riverview Trust Co purchased a new stake in AGNC Investment in the third quarter worth about $25,000. Ashton Thomas Private Wealth LLC bought a new stake in AGNC Investment during the 2nd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its holdings in AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. Blue Trust Inc. boosted its position in shares of AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 2,966 shares during the period. Finally, LRI Investments LLC bought a new position in shares of AGNC Investment in the first quarter worth approximately $38,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Trading Down 1.5 %

Shares of NASDAQ:AGNC traded down $0.14 during trading on Wednesday, reaching $9.38. The company's stock had a trading volume of 36,979,281 shares, compared to its average volume of 13,988,230. The stock has a market capitalization of $7.34 billion, a PE ratio of 6.39 and a beta of 1.47. AGNC Investment Corp. has a 12 month low of $8.22 and a 12 month high of $10.85. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm's 50 day simple moving average is $10.20 and its two-hundred day simple moving average is $9.95.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its 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). AGNC Investment had a return on equity of 24.40% and a net margin of 42.19%. The company had revenue of $756.00 million during the quarter, compared to analysts' expectations of $219.50 million. During the same quarter last year, the firm posted $0.65 EPS. On average, research analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment's dividend payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of analyst reports. Compass Point lifted their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Finally, Maxim Group lowered shares of AGNC Investment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $10.33.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the firm's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares of the company's stock, valued at $3,002,692.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by corporate insiders.

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).