Engineers Gate Manager LP increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 205.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,087 shares of the real estate investment trust’s stock after purchasing an additional 31,680 shares during the period. Engineers Gate Manager LP’s holdings in AGNC Investment were worth $396,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SVB Wealth LLC increased its holdings in AGNC Investment by 2.3% in the second quarter. SVB Wealth LLC now owns 42,396 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 959 shares in the last quarter. NTB Financial Corp increased its holdings in AGNC Investment by 5.3% in the second quarter. NTB Financial Corp now owns 25,901 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 1,300 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in AGNC Investment by 21.4% in the first quarter. Geneos Wealth Management Inc. now owns 7,648 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,350 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in AGNC Investment by 5.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 26,823 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 1,489 shares in the last quarter. Finally, CWM LLC increased its holdings in AGNC Investment by 19.7% in the third quarter. CWM LLC now owns 9,139 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,504 shares in the last quarter. Institutional investors and hedge funds own 40.87% of the company’s stock.
Insider Buying and Selling at AGNC Investment
In other news, EVP Kenneth L. Pollack sold 10,910 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $11.34, for a total value of $123,719.40. Following the transaction, the executive vice president now owns 228,634 shares of the company’s stock, valued at approximately $2,592,709.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.
AGNC Investment Stock Down 0.1 %
AGNC Investment (NASDAQ:AGNC – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The company had revenue of $25.00 million for the quarter, compared to analyst estimates of $415.17 million. AGNC Investment had a negative net margin of 80.24% and a positive return on equity of 26.82%. AGNC Investment’s revenue for the quarter was down 89.9% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. Analysts forecast that AGNC Investment Corp. will post 2.21 earnings per share for the current year.
AGNC Investment Dividend Announcement
The business also recently declared a mar 23 dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Friday, March 31st will be issued a $0.12 dividend. AGNC Investment’s dividend payout ratio (DPR) is presently -56.69%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on AGNC. Credit Suisse Group raised their price objective on shares of AGNC Investment to $9.50 in a research note on Friday, December 2nd. Barclays raised their price objective on shares of AGNC Investment from $9.00 to $12.00 in a research note on Friday, January 6th. Argus cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. JPMorgan Chase & Co. raised shares of AGNC Investment from a “neutral” rating to an “overweight” rating and set a $12.50 price objective for the company in a research note on Wednesday, March 8th. Finally, Royal Bank of Canada raised their target price on shares of AGNC Investment from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 7th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.86.
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).
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