OppenheimerFunds Inc. lifted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 22.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,822,073 shares of the real estate investment trust’s stock after buying an additional 329,521 shares during the quarter. OppenheimerFunds Inc. owned approximately 0.34% of AGNC Investment worth $32,797,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in AGNC. BlackRock Inc. raised its stake in shares of AGNC Investment by 19.2% during the 4th quarter. BlackRock Inc. now owns 51,196,346 shares of the real estate investment trust’s stock worth $897,984,000 after buying an additional 8,228,391 shares during the period. Norges Bank acquired a new position in shares of AGNC Investment during the 4th quarter worth approximately $122,698,000. Vanguard Group Inc raised its stake in shares of AGNC Investment by 14.0% during the 3rd quarter. Vanguard Group Inc now owns 41,306,726 shares of the real estate investment trust’s stock worth $769,544,000 after buying an additional 5,066,044 shares during the period. Bank of America Corp DE raised its stake in shares of AGNC Investment by 405.6% during the 4th quarter. Bank of America Corp DE now owns 3,092,733 shares of the real estate investment trust’s stock worth $54,246,000 after buying an additional 2,481,065 shares during the period. Finally, FMR LLC raised its stake in shares of AGNC Investment by 18.5% during the 4th quarter. FMR LLC now owns 15,136,362 shares of the real estate investment trust’s stock worth $265,491,000 after buying an additional 2,361,133 shares during the period. 68.40% of the stock is owned by institutional investors and hedge funds.
NASDAQ AGNC traded up $0.07 during mid-day trading on Wednesday, hitting $16.77. The stock had a trading volume of 130,304 shares, compared to its average volume of 5,191,171. AGNC Investment Corp. has a twelve month low of $16.19 and a twelve month high of $19.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $8.99 billion, a P/E ratio of 7.14, a P/E/G ratio of 2.77 and a beta of 0.22.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). AGNC Investment had a negative net margin of 4.10% and a positive return on equity of 11.71%. The firm had revenue of $164.00 million during the quarter, compared to analyst estimates of $327.08 million. During the same period in the prior year, the company posted $0.60 earnings per share. As a group, sell-side analysts predict that AGNC Investment Corp. will post 2.02 EPS for the current fiscal year.
The company also recently disclosed a may 19 dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 31st were paid a $0.16 dividend. This represents a yield of 10.98%. The ex-dividend date was Thursday, May 30th. AGNC Investment’s dividend payout ratio is currently 81.70%.
Several research analysts have recently weighed in on AGNC shares. TheStreet raised AGNC Investment from a “d+” rating to a “c” rating in a research note on Thursday, April 25th. Zacks Investment Research raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. ValuEngine raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Nomura started coverage on AGNC Investment in a research note on Wednesday, March 27th. They set a “neutral” rating and a $18.00 target price for the company. Finally, BidaskClub raised AGNC Investment from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.60.
In related news, Director Morris A. Davis sold 11,537 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $17.94, for a total value of $206,973.78. Following the completion of the transaction, the director now directly owns 17,546 shares of the company’s stock, valued at approximately $314,775.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary D. Kain acquired 7,500 shares of AGNC Investment stock in a transaction that occurred on Friday, May 24th. The stock was purchased at an average cost of $17.01 per share, with a total value of $127,575.00. Following the completion of the purchase, the chief executive officer now owns 1,300 shares in the company, valued at approximately $22,113. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by corporate insiders.
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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).
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