Advisors Asset Management Inc. Grows Position in AGNC Investment Corp. (NASDAQ:AGNC)

Advisors Asset Management Inc. boosted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNCGet Rating) by 17.9% during the 2nd quarter, Holdings Channel reports. The firm owned 36,856 shares of the real estate investment trust’s stock after acquiring an additional 5,587 shares during the quarter. Advisors Asset Management Inc.’s holdings in AGNC Investment were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Equity Investment Corp grew its position in AGNC Investment by 5.9% during the 2nd quarter. Equity Investment Corp now owns 4,251,586 shares of the real estate investment trust’s stock worth $47,065,000 after purchasing an additional 237,142 shares during the last quarter. FWL Investment Management LLC grew its position in AGNC Investment by 27.6% during the 2nd quarter. FWL Investment Management LLC now owns 561,225 shares of the real estate investment trust’s stock worth $6,213,000 after purchasing an additional 121,223 shares during the last quarter. ING Groep NV grew its position in AGNC Investment by 1,908.8% during the 2nd quarter. ING Groep NV now owns 203,695 shares of the real estate investment trust’s stock worth $2,255,000 after purchasing an additional 193,555 shares during the last quarter. Merit Financial Group LLC grew its position in AGNC Investment by 25.6% during the 2nd quarter. Merit Financial Group LLC now owns 63,676 shares of the real estate investment trust’s stock worth $705,000 after purchasing an additional 12,976 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in AGNC Investment by 10.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 18,752 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 1,806 shares during the last quarter. Hedge funds and other institutional investors own 43.36% of the company’s stock.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC opened at $9.13 on Friday. The company’s fifty day moving average price is $9.01 and its 200 day moving average price is $10.91. AGNC Investment Corp. has a 1 year low of $7.30 and a 1 year high of $16.14. The company has a market capitalization of $5.22 billion, a PE ratio of -2.56 and a beta of 1.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.25 and a current ratio of 0.25.

AGNC Investment (NASDAQ:AGNCGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.15. AGNC Investment had a negative net margin of 128.56% and a positive return on equity of 23.64%. The firm had revenue of $177.00 million for the quarter, compared to the consensus estimate of $363.05 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was down 36.6% compared to the same quarter last year. On average, research analysts predict that AGNC Investment Corp. will post 3.04 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a nov 22 dividend, which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.12 per share. This represents a yield of 15.4%. The ex-dividend date is Tuesday, November 29th. AGNC Investment’s dividend payout ratio is presently -40.34%.

Analysts Set New Price Targets

AGNC has been the topic of several recent research reports. StockNews.com initiated coverage on shares of AGNC Investment in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Maxim Group dropped their price objective on shares of AGNC Investment from $13.00 to $9.00 in a report on Tuesday, October 11th. UBS Group dropped their price objective on shares of AGNC Investment to $8.50 in a report on Friday, November 4th. Piper Sandler dropped their price objective on shares of AGNC Investment from $13.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, September 30th. Finally, Credit Suisse Group dropped their price objective on shares of AGNC Investment to $8.00 in a report on Thursday, October 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.10.

About AGNC Investment

(Get Rating)

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).

Read More

Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNCGet Rating).

Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.