Sei Investments Co. raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 12.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 472,417 shares of the real estate investment trust’s stock after buying an additional 50,909 shares during the quarter. Sei Investments Co.’s holdings in AGNC Investment were worth $4,738,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in AGNC Investment by 51.9% during the 1st quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 21,897 shares during the period. NewEdge Advisors LLC boosted its stake in shares of AGNC Investment by 38.4% during the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 6,923 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of AGNC Investment by 16.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock valued at $26,937,000 after purchasing an additional 387,524 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of AGNC Investment by 57.8% during the second quarter. Hsbc Holdings PLC now owns 37,642 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 13,793 shares during the period. Finally, Invesco Ltd. increased its position in shares of AGNC Investment by 8.9% during the second quarter. Invesco Ltd. now owns 2,494,606 shares of the real estate investment trust’s stock valued at $22,925,000 after buying an additional 203,610 shares during the period. Institutional investors own 38.28% of the company’s stock.
Wall Street Analyst Weigh In
AGNC has been the subject of several research analyst reports. Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research note on Friday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a report on Friday, April 24th. Finally, UBS Group raised their price objective on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.11.
Insider Activity at AGNC Investment
In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.
AGNC Investment Stock Up 0.3%
Shares of AGNC Investment stock opened at $10.67 on Thursday. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 5.62 and a beta of 1.32. The company’s 50 day moving average is $10.68 and its 200 day moving average is $10.78. AGNC Investment Corp. has a twelve month low of $9.31 and a twelve month high of $12.19.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter in the previous year, the firm posted ($0.17) EPS. Sell-side analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.
AGNC Investment Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.5%. AGNC Investment’s payout ratio is presently 75.79%.
AGNC Investment Company Profile
AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.
Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.
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