JPMorgan Chase & Co. Has $14 Million Holdings in AGNC Investment Corp. $AGNC

JPMorgan Chase & Co. increased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 29.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,429,581 shares of the real estate investment trust’s stock after purchasing an additional 325,104 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.13% of AGNC Investment worth $14,000,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AGNC. Norges Bank acquired a new position in AGNC Investment during the second quarter valued at approximately $109,814,000. State Street Corp lifted its position in AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after acquiring an additional 1,906,785 shares during the last quarter. Vanguard Group Inc. lifted its holdings in AGNC Investment by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 96,440,345 shares of the real estate investment trust’s stock worth $944,151,000 after purchasing an additional 1,591,465 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of AGNC Investment by 20.2% during the third quarter. Victory Capital Management Inc. now owns 7,111,656 shares of the real estate investment trust’s stock worth $69,623,000 after buying an additional 1,192,975 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in AGNC Investment in the 3rd quarter valued at about $11,237,000. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Down 3.0%

Shares of NASDAQ AGNC opened at $9.84 on Friday. The company has a 50 day simple moving average of $11.11 and a 200 day simple moving average of $10.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $12.19. The firm has a market cap of $11.05 billion, a PE ratio of 7.03 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $354.75 million. On average, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 14.6%. AGNC Investment’s payout ratio is currently 102.86%.

Analyst Ratings Changes

Several brokerages have weighed in on AGNC. Piper Sandler lifted their price objective on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Thursday, January 15th. BTIG Research cut AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price objective on AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada lifted their target price on AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.03.

Insider Activity at AGNC Investment

In related news, Director Gary D. Kain sold 700,000 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the sale, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. This represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bernice Bell sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total value of $303,500.00. Following the transaction, the executive vice president directly owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. This represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 775,000 shares of company stock worth $9,246,000 over the last three months. Company insiders own 0.40% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.