Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 2,860,986 AGNC Investment Corp. $AGNC

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,860,986 shares of the real estate investment trust’s stock, valued at approximately $31,185,000. Connor Clark & Lunn Investment Management Ltd. owned 0.24% of AGNC Investment at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AGNC. Danske Bank A S acquired a new stake in AGNC Investment in the 2nd quarter worth about $26,000. Avion Wealth grew its position in shares of AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,021 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of AGNC Investment during the 2nd quarter worth approximately $28,000. National Bank of Canada FI increased its holdings in shares of AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares during the period. Finally, WealthCollab LLC bought a new position in shares of AGNC Investment during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a research note on Friday, July 17th. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Piper Sandler upped their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Hold” and an average target price of $11.11.

AGNC Investment Price Performance

AGNC stock opened at $10.98 on Tuesday. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 5.78 and a beta of 1.32. The company has a 50 day simple moving average of $10.84 and a 200 day simple moving average of $10.71. AGNC Investment Corp. has a 1 year low of $9.62 and a 1 year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates 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 last year, the business posted ($0.17) earnings per share. On average, equities research analysts anticipate 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 Thursday, September 10th. Investors of record on Monday, August 31st will be given a dividend of $0.12 per share. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.1%. AGNC Investment’s payout ratio is currently 75.79%.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by corporate insiders.

AGNC Investment 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.