AGNC Investment Corp. (NASDAQ:AGNC) Shares Purchased by Fmr LLC

Fmr LLC raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,556 shares of the real estate investment trust’s stock after purchasing an additional 1,999 shares during the period. Fmr LLC’s holdings in AGNC Investment were worth $1,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in AGNC Investment by 7.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 197,489 shares of the real estate investment trust’s stock worth $2,066,000 after acquiring an additional 13,578 shares in the last quarter. Private Trust Co. NA grew its stake in AGNC Investment by 193.2% in the third quarter. Private Trust Co. NA now owns 40,091 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 26,418 shares in the last quarter. Independent Advisor Alliance bought a new stake in AGNC Investment in the third quarter valued at about $137,000. Pekin Hardy Strauss Inc. raised its stake in AGNC Investment by 4.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 927,517 shares of the real estate investment trust’s stock valued at $9,702,000 after buying an additional 42,586 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in AGNC Investment by 17.4% during the third quarter. Penserra Capital Management LLC now owns 154,912 shares of the real estate investment trust’s stock valued at $1,620,000 after buying an additional 22,978 shares in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Stock Up 0.7 %

AGNC stock opened at $9.65 on Tuesday. AGNC Investment Corp. has a twelve month low of $8.92 and a twelve month high of $10.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a market cap of $8.55 billion, a PE ratio of 6.70 and a beta of 1.47. The business’s 50-day simple moving average is $9.78 and its 200 day simple moving average is $9.96.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The firm had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, research analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 15.1%. AGNC Investment’s dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AGNC shares. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Company 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).