Fmr LLC reduced its position in AGNC Investment Corp. (NASDAQ:AGNC) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,577,526 shares of the real estate investment trust’s stock after selling 664,897 shares during the quarter. Fmr LLC owned 1.17% of AGNC Investment worth $103,687,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. DnB Asset Management AS bought a new stake in shares of AGNC Investment during the second quarter worth $933,000. IFM Investors Pty Ltd grew its holdings in shares of AGNC Investment by 38.9% during the second quarter. IFM Investors Pty Ltd now owns 15,808 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 4,425 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of AGNC Investment by 10.8% during the second quarter. Xact Kapitalforvaltning AB now owns 147,462 shares of the real estate investment trust’s stock worth $2,741,000 after purchasing an additional 14,421 shares during the last quarter. Gateway Investment Advisers LLC bought a new stake in shares of AGNC Investment during the second quarter worth $12,304,000. Finally, BLB&B Advisors LLC bought a new stake in shares of AGNC Investment during the second quarter worth $278,000. 58.95% of the stock is currently owned by institutional investors.
AGNC has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a report on Monday, July 23rd. Barclays restated a “hold” rating and set a $19.00 target price on shares of AGNC Investment in a report on Wednesday, September 12th. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, September 24th. BidaskClub cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Finally, Maxim Group increased their target price on AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.29.
In other news, Director Larry K. Harvey purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were acquired at an average price of $17.74 per share, for a total transaction of $70,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Morris A. Davis sold 6,797 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.
AGNC Investment stock opened at $18.08 on Friday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 7.35, a PEG ratio of 2.45 and a beta of 0.10. AGNC Investment Corp. has a 12-month low of $17.51 and a 12-month high of $20.84. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.03.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $324.65 million. AGNC Investment had a return on equity of 12.05% and a net margin of 125.99%. During the same quarter last year, the business earned $0.62 earnings per share. As a group, equities analysts predict that AGNC Investment Corp. will post 2.44 earnings per share for the current fiscal year.
The company also recently declared a nov 18 dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 30th will be issued a $0.18 dividend. The ex-dividend date is Thursday, November 29th. AGNC Investment’s dividend payout ratio is 87.80%.
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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).
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