Raymond James Financial Services Advisors Inc. Buys 16,679 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNCGet Rating) by 31.8% in the third quarter, HoldingsChannel reports. The fund owned 69,139 shares of the real estate investment trust’s stock after acquiring an additional 16,679 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in AGNC Investment were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AGNC. Vanguard Group Inc. boosted its position in shares of AGNC Investment by 0.4% in the first quarter. Vanguard Group Inc. now owns 47,592,760 shares of the real estate investment trust’s stock worth $623,465,000 after purchasing an additional 176,213 shares during the period. Northern Trust Corp increased its stake in AGNC Investment by 28.6% in the 2nd quarter. Northern Trust Corp now owns 6,052,716 shares of the real estate investment trust’s stock worth $67,004,000 after buying an additional 1,346,753 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in AGNC Investment by 15.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,583,707 shares of the real estate investment trust’s stock valued at $50,741,000 after acquiring an additional 610,400 shares during the period. Equity Investment Corp lifted its position in shares of AGNC Investment by 5.9% in the second quarter. Equity Investment Corp now owns 4,251,586 shares of the real estate investment trust’s stock valued at $47,065,000 after acquiring an additional 237,142 shares in the last quarter. Finally, Centiva Capital LP boosted its stake in shares of AGNC Investment by 698.0% in the second quarter. Centiva Capital LP now owns 2,990,016 shares of the real estate investment trust’s stock worth $33,100,000 after acquiring an additional 3,490,016 shares during the period. 40.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AGNC shares. Credit Suisse Group lifted their target price on AGNC Investment to $9.50 in a research note on Friday, December 2nd. UBS Group lowered their target price on shares of AGNC Investment to $8.50 in a report on Friday, November 4th. StockNews.com assumed coverage on shares of AGNC Investment in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Piper Sandler decreased their price target on shares of AGNC Investment from $13.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, September 30th. Finally, Barclays raised their price objective on AGNC Investment from $9.00 to $12.00 in a research report on Friday, January 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.55.

AGNC Investment Stock Down 0.7 %

Shares of NASDAQ:AGNC opened at $11.50 on Wednesday. The company has a 50-day moving average price of $10.38 and a 200 day moving average price of $10.50. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.02. AGNC Investment Corp. has a 12 month low of $7.30 and a 12 month high of $15.21. The company has a market cap of $6.57 billion, a price-to-earnings ratio of -3.22 and a beta of 1.15.

AGNC Investment (NASDAQ:AGNCGet Rating) last announced its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.15. AGNC Investment had a positive return on equity of 23.64% and a negative net margin of 128.56%. The firm had revenue of $177.00 million during the quarter, compared to analysts’ expectations of $363.05 million. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s quarterly revenue was down 36.6% on a year-over-year basis. As a group, equities research analysts predict that AGNC Investment Corp. will post 3.05 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a jan 23 dividend, which will be paid on Thursday, February 9th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.12 per share. This represents a yield of 12.7%. The ex-dividend date of this dividend is Monday, January 30th. AGNC Investment’s payout ratio is -40.34%.

About AGNC Investment

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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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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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