Engineers Gate Manager LP Raises Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Engineers Gate Manager LP increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 205.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,087 shares of the real estate investment trust’s stock after purchasing an additional 31,680 shares during the period. Engineers Gate Manager LP’s holdings in AGNC Investment were worth $396,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA bought a new stake in shares of AGNC Investment in the 2nd quarter valued at about $27,000. Vectors Research Management LLC purchased a new stake in AGNC Investment during the 2nd quarter worth approximately $33,000. Worth Asset Management LLC purchased a new stake in shares of AGNC Investment in the 1st quarter valued at $35,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AGNC Investment by 152.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,955 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,390 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its holdings in shares of AGNC Investment by 4,520.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 6,930 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 6,780 shares during the last quarter. 40.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of AGNC Investment from $9.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, February 7th. Argus downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Credit Suisse Group upped their price objective on shares of AGNC Investment to $9.50 in a report on Friday, December 2nd. Barclays boosted their target price on shares of AGNC Investment from $9.00 to $12.00 in a research note on Friday, January 6th. Finally, JPMorgan Chase & Co. upgraded shares of AGNC Investment from a “neutral” rating to an “overweight” rating and set a $12.50 target price for the company in a research note on Wednesday, March 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.86.

Insider Buying and Selling

In other news, EVP Kenneth L. Pollack sold 10,910 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $11.34, for a total transaction of $123,719.40. Following the transaction, the executive vice president now directly owns 228,634 shares in the company, valued at approximately $2,592,709.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

AGNC Investment Trading Down 0.1 %

AGNC stock opened at $9.96 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 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 $13.64. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of -3.92 and a beta of 1.21. The business’s 50-day moving average is $11.18 and its 200 day moving average is $10.26.

AGNC Investment (NASDAQ:AGNC – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.09. AGNC Investment had a positive return on equity of 26.82% and a negative net margin of 80.24%. The company had revenue of $25.00 million for the quarter, compared to analysts’ expectations of $415.17 million. During the same period in the previous year, the firm posted $0.75 EPS. AGNC Investment’s revenue was down 89.9% compared to the same quarter last year. On average, sell-side analysts anticipate that AGNC Investment Corp. will post 2.21 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a mar 23 dividend, which will be paid on Tuesday, April 11th. Investors of record on Friday, March 31st will be issued a $0.12 dividend. AGNC Investment’s payout ratio is -56.69%.

AGNC Investment Profile

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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).