Schroder Investment Management Group increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 24.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,772 shares of the real estate investment trust’s stock after acquiring an additional 32,229 shares during the period. Schroder Investment Management Group’s holdings in AGNC Investment were worth $3,032,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new stake in AGNC Investment during the second quarter worth approximately $127,000. Stratos Wealth Partners LTD. bought a new stake in AGNC Investment during the third quarter worth approximately $144,000. CIBC Private Wealth Group LLC boosted its holdings in AGNC Investment by 6,645.0% during the second quarter. CIBC Private Wealth Group LLC now owns 8,094 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 7,974 shares in the last quarter. NEXT Financial Group Inc bought a new stake in AGNC Investment during the third quarter worth approximately $170,000. Finally, First Hawaiian Bank bought a new stake in AGNC Investment during the third quarter worth approximately $170,000. Institutional investors and hedge funds own 58.85% of the company’s stock.
In other news, Director Larry K. Harvey acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The stock was purchased at an average price of $17.74 per share, with a total value of $70,960.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. The firm had revenue of $188.00 million during the quarter, compared to analyst estimates of $324.65 million. During the same quarter last year, the business posted $0.62 EPS. Equities analysts forecast that AGNC Investment Corp. will post 2.45 EPS for the current year.
The company also recently disclosed a nov 18 dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 30th will be paid a $0.18 dividend. This represents a yield of 12.16%. The ex-dividend date of this dividend is Thursday, November 29th. AGNC Investment’s dividend payout ratio is 87.80%.
A number of brokerages recently weighed in on AGNC. ValuEngine upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, September 24th. Finally, Barclays reduced their target price on shares of AGNC Investment from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.35.
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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).
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