Principal Financial Group Inc. Increases Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Principal Financial Group Inc. grew its holdings in AGNC Investment Corp. (NASDAQ:AGNCFree Report) by 44.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,740 shares of the real estate investment trust’s stock after acquiring an additional 17,992 shares during the period. Principal Financial Group Inc.’s holdings in AGNC Investment were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in AGNC Investment in the 4th quarter valued at about $38,593,000. Norges Bank acquired a new position in shares of AGNC Investment in the 4th quarter valued at $69,215,000. Creative Financial Designs Inc. ADV raised its position in AGNC Investment by 13.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 26,238 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 3,013 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in AGNC Investment by 397.8% during the 4th quarter. Russell Investments Group Ltd. now owns 816,904 shares of the real estate investment trust’s stock worth $8,015,000 after purchasing an additional 652,799 shares during the period. Finally, International Assets Investment Management LLC grew its position in AGNC Investment by 1,054.4% during the 4th quarter. International Assets Investment Management LLC now owns 798,661 shares of the real estate investment trust’s stock worth $81,413,000 after purchasing an additional 729,476 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Jonestrading decreased their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.88.

Read Our Latest Stock Report on AGNC

AGNC Investment Stock Up 0.6 %

AGNC Investment stock opened at $9.75 on Friday. The stock’s 50 day moving average price is $9.65 and its 200 day moving average price is $9.63. The company has a market cap of $7.09 billion, a PE ratio of 10.71 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a 1-year low of $6.81 and a 1-year high of $10.64.

AGNC Investment (NASDAQ:AGNCGet Free Report) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. During the same period in the previous year, the firm earned $0.70 EPS. On average, sell-side analysts predict that AGNC Investment Corp. will post 2.14 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a jun 24 dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a yield of 14.8%. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insider Activity

In related news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Mullings sold 5,400 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the sale, the director now owns 111,827 shares in the company, valued at $1,051,173.80. The disclosure for this sale can be found here. In the last three months, insiders sold 15,900 shares of company stock worth $149,030. Company insiders own 0.43% of the company’s stock.

AGNC Investment Profile

(Free Report)

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).

See Also

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

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