Keybank National Association OH lowered its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 40.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,861 shares of the real estate investment trust’s stock after selling 111,477 shares during the period. Keybank National Association OH’s holdings in AGNC Investment were worth $2,669,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of AGNC Investment in the third quarter valued at approximately $3,900,000. Grisanti Capital Management LLC increased its stake in shares of AGNC Investment by 285.0% in the third quarter. Grisanti Capital Management LLC now owns 14,590 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 10,800 shares during the period. Synovus Financial Corp increased its stake in shares of AGNC Investment by 37.7% in the third quarter. Synovus Financial Corp now owns 2,316 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 634 shares during the period. IFM Investors Pty Ltd increased its stake in shares of AGNC Investment by 41.0% in the third quarter. IFM Investors Pty Ltd now owns 50,347 shares of the real estate investment trust’s stock valued at $810,000 after purchasing an additional 14,638 shares during the period. Finally, Sigma Planning Corp increased its stake in shares of AGNC Investment by 18.1% in the third quarter. Sigma Planning Corp now owns 38,670 shares of the real estate investment trust’s stock valued at $622,000 after purchasing an additional 5,913 shares during the period. 64.87% of the stock is currently owned by hedge funds and other institutional investors.
AGNC has been the topic of several analyst reports. Zacks Investment Research upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research note on Friday, November 1st. ValuEngine upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price target on shares of AGNC Investment from $18.00 to $17.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Maxim Group restated a “buy” rating and issued a $18.00 price target on shares of AGNC Investment in a research note on Friday, November 1st. Finally, BidaskClub upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $17.57.
Shares of NASDAQ AGNC traded up $0.11 during mid-day trading on Friday, reaching $17.31. 4,875,700 shares of the company traded hands, compared to its average volume of 5,169,564. The stock has a fifty day simple moving average of $16.39 and a 200-day simple moving average of $16.68. The firm has a market cap of $9.30 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.26. AGNC Investment Corp. has a fifty-two week low of $14.51 and a fifty-two week high of $18.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.13 and a quick ratio of 0.13.
AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.11. The company had revenue of $119.00 million during the quarter, compared to analyst estimates of $280.17 million. AGNC Investment had a negative net margin of 84.94% and a positive return on equity of 11.86%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. As a group, analysts predict that AGNC Investment Corp. will post 2.1 EPS for the current fiscal year.
The business also recently announced a oct 19 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.16 per share. This represents a dividend yield of 11.9%. The ex-dividend date of this dividend is Tuesday, October 29th. AGNC Investment’s dividend payout ratio (DPR) is currently 81.70%.
In related news, Director Morris A. Davis bought 7,350 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of $17.02 per share, with a total value of $125,097.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.
About AGNC Investment
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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