AGNC Investment Corp. $AGNC Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 180.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,608 shares of the real estate investment trust’s stock after purchasing an additional 46,682 shares during the period. Bank of Montreal Can’s holdings in AGNC Investment were worth $667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Red Tortoise LLC grew its holdings in shares of AGNC Investment by 377.4% during the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 2,185 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in AGNC Investment during the 1st quarter valued at about $28,000. Larson Financial Group LLC grew its stake in AGNC Investment by 326.3% during the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,519 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of AGNC Investment in the first quarter valued at about $34,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of AGNC Investment in the first quarter worth about $35,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insiders Place Their Bets

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the transaction, the chief executive officer owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

AGNC Investment Stock Performance

AGNC opened at $10.15 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a fifty day moving average price of $10.07 and a 200 day moving average price of $9.60. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.63. The stock has a market cap of $10.89 billion, a P/E ratio of 15.15 and a beta of 1.34.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $836.00 million for the quarter, compared to analyst estimates of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. During the same quarter in the prior year, the business posted $0.43 EPS. Equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 9th. Investors of record on Friday, November 28th will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date is Friday, November 28th. AGNC Investment’s payout ratio is currently 214.93%.

Analysts Set New Price Targets

AGNC has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Jones Trading reiterated a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a research note on Tuesday, October 21st. Piper Sandler raised their target price on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and an average target price of $10.18.

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).