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
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
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).
- Get a free copy of the StockNews.com research report on AGNC Investment (AGNC)
- First Republic: First Rate Risk or Time To Buy?
- These Hedge Funds Are Getting Crushed By SVB
- Buy The Dip In The Charles Schwab Corporation
- ZIM Integrated Shipping Services: Up 15% But Don’t Chase It
- FedEx Is A Buy Going Into Earnings
Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC – Get Rating).
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.